Education and Career Forum

Sir, I am a girl candidate and willing to do Masters course so, I need education loan but bank will demand some security. I want to know can I get education loan in security of my Fiance property? Can my Fiance become co-borrower?

To get an education loan for pursuing your Master's degree course, you should have secured admission in any course in a recognised college/ university. You can get an education loan up to Rs. 4 lakhs without any security. For getting an education loan of more than Rs. 4 lakhs and less than Rs. 7.5 lakhs, third-party guarantee should be provided and for getting an education loan of more than Rs. 7.5 lakh rupees, the Collateral security documents related to property should be submitted to bank for processing your education loan, so, you can use your Fiance's property as a security to get an education loan for pursuing your higher studies.