#1
29th March 2017, 10:25 PM
|
|||
|
|||
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?
|
#2
9th April 2017, 11:36 PM
|
|||
|
|||
![]()
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. |
|