#1  
29th March 2017, 11:25 PM
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Documents required to apply for an education loan for a private employee who is not an Income Tax payer?


Sir, I want to get admission in Mechanical engineering stream. Please tell me what are the documents required to apply for an education loan if my father is a private employee and is not a Income Tax payer?





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  #2  
10th April 2017, 12:36 AM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Documents required to apply for an education loan for a private employee who is not an Income Tax payer?

You need to have documents related to your confirmed admission as well as other proof like income of the guarantor. Normally, any earning person can become a guarantor, if he/she is willing to become one.

Your father needs to show the income of the last one year as proof to become a guarantor. Banks will only grant you education loan, when they are sure that they will be able to recover the money in future in any case.
Do you have any question? or have anything to say?





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