#1  
18th October 2019, 12:20 AM
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Eligibility to take an education loan against family property in State Bank Of India for Diploma Engineering aspirant?


Hi friends, I want to apply for an education loan in State Bank Of India. I want to study Diploma in Engineering course 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? Kindly let me know immediately.




  #2  
24th July 2022, 01:10 PM
Hera tabrez
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Default Re: Eligibility to take an education loan against family property in State Bank Of India for Diploma Engineering aspirant?

Those who have got confirmed admission can apply for loan in a bank.

For loan upto 4 lacs , no collateral security is required.
For loan above 7.5 lacs , both collateral security and third party gurantee is required. Parents or guardian is required as co borrower.

Those who have property against which they want to take loan , then they can do so.
Loan against property are cost efficient and charge lower rate of interest .
Those who have secured admission in a reputed college can apply for loan easily .
Do you have any question? or have anything to say?



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