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  #1  
18th March 2018, 12:33 AM
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Eligibility to take an Education Loan against family property from Bank of Maharashtra?


I want to apply an education loan in Bank of Maharashtra. I want to study MBBS by taking an education loan. Can I know that if I want to take an education loan against my family property then I am eligible to do that?




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  #2  
2nd May 2018, 08:54 AM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Eligibility to take an Education Loan against family property from Bank of Maharashtra?

To be eligible to apply for an education loan in Bank of Maharashtra, you should have secured admission in Diploma/ Degree course in a recognised college/ university. If the education loan amount is more than Rs. 7.5 lakhs, then you have to submit the collateral security documents equal to bank loan amount for processing your education loan. Since, you are interested to pursue MBBS course, the fee for the course will be more than Rs. 7.5 lakhs, so, you can submit your family property documents as collateral security to bank for getting an education loan from Bank of Maharashtra.
Do you have any question? or have anything to say?



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