#1  
12th August 2017, 11:17 AM
Unregistered
Guest
 
Posts: n/a

Can a rental shop be mortgage for education loan? What are the guideline?


Hello sir, I am a business man and I have a shop on rental basis. I want to apply for an education loan in SBI for higher study of my son. Can I mortgage my shop? What are the guideline?





Related Questions:
  1. How can I get education loan if have no mortgage to show? -- [Most Discussed]
  2. Which type of shop can be mortgaged for education loan? What are the requirements for it?
  3. Possibilities to apply for an education loan against a rental house?
  4. Chances to get education loan without mortgage? Maximum amount and best bank for it?
  5. Is it possible to split amount of an Education Loan by applying in 2 Banks without mortgaging property?
  6. Eligibility to get an Education Loan of Rs. 20 Lacs to study MBA in UK?
  7. Terms and conditions to apply for an education loan against land as a mortgage in rural areas?
  8. Can I apply for Education Loan for my brother’s education if having no IT file and Mortgage?
  9. Can I apply for an Education Loan without any property mortgage for brother's Abroad studies?
  10. How can I get Bank Education Loan of Rs. 16 Lacs to study MS in UK? Can I repay Loan after getting job? Do I have to Mortgage the property to apply for Bank Education Loan?
  11. What to do if have no money for repayment of education loan?
  12. How to avail education loan with out offering any mortgage?
  13. Should I have to mortgage my property to apply for Bank Education Loan of Rs. 16 Lacs for study PG in UK? Requirements to apply?
  14. Can I mortgage my land to get an Education Loan in Canara Bank? -- [New]
  15. How should i approach for education loan being from a poor family background?
  16. Is it possible to get the education loan if I am from a poor family?
  17. Chances to get an education loan on BE degree from SBI?
  18. If living in rented house can I apply for Education loan?
  #2  
24th August 2017, 10:09 PM
ajayrocks007
Senior Member+++++
 
Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Can a rental shop be mortgage for education loan? What are the guideline?

Mortage is for any immovable property in your own name. The rented shop is not your own property, only the business is yours. Hence, it will be suitable for mortgage, then will ask legal papers for it.

Your income is what they will ask for education loan, if you are earning good enough from such shops, then you can become a guarantor for loan.
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
Am I eligible to study overseas after had quit studies for 2 years? 1 29th June 2017 01:37 PM
Am I eligible to study overseas after had quit studies for 2 years? 1 3rd March 2017 07:30 PM



Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
Please also check: