Education and Career Forum

Hello Sir,
I have completed my 12th Board through ISC Board. Now I am studying B.Com in Delhi University. I want to do GNIIT course and it will cost Rs. 1.5 Lacs. I want to apply for an Education Loan to do this course. Please let me know am I eligible for getting an Education Loan?

If you have got admission in a job oriented course in a reputed institute then surely you can apply for educational loan. If institute has a good record then bank won't have any problem.

You just need a guarantor along with all the documents to apply for loan. Once you complete the formalities then your application will be reviewed for loan sanction by the bank.

Yes, you can definitely get education loan inorder to pursue GNIIT course. There is no problem with the educational qualification which you bear. You are eligible for the education loan, however, you will need to comply with the terms and conditions of education loan along with complete all formalities as per orders from the concerned bank from which you are seeking education loan. Since you need education loan of only 1.5 lakhs, so it will not be much problem for you to get the education loan sanctioned, as the loan amount is very less from bank's perspective and the terms and conditions are very lenient.

Yes, you are eligible to apply for an education loan.

The minimum eligibility criteria is that the candidate must have secured admission in any of the recognized course in a recognized college/ university. Also the candidate must have passed qualifying examination with above 60% marks and have secured admission either through an entrance test or through selection process.

All nationalized banks in India offers a education loan to pursue B.Com course.

The candidate must have to produce a third person witness as security for an education loan.