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#1
26th December 2018, 10:33 AM
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Can my brother apply for an Education Loan in SBI of Dubai if working there since 5 years?
Dear Sir, my brother is working in Dubai from last 5 years. I am preparing for various MBA entrance exams and will study MBA soon. I want to take Education Loan. I have an account in SBI Bank. But my brother also has account in SBI at Dubai so he can apply an education loan from there?
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#2
29th December 2018, 09:52 PM
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Re: Can my brother apply for an Education Loan in SBI of Dubai if working there since 5 years?
If your guarantor is your brother for education loan, then make sure there are enough collateral security, according to the size of the loan. Banks will ask for security, if the guarantor is residing abroad.
Hence, there shouldn't be any issue, if all the documents are in order and guarantor has a regular flow of income. Just make sure you apply for it at the nearest SBI branch. |
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