Education and Career Forum

Respected Sir/Madam,
I am Jignesh and I want to get an Education Loan so that I can study in Singapore. I want to study MBA. So please tell me about the formalities required for applying an Education Loan. Thank you in advance!

To get an Education loan to study MBA course in Singapore, you must have to contact the bank branch manager regarding loan details and you need to submit your studies and Collateral Security documents to bank for loan approval. To get an Education loan amount of more than Rs.7.5 lacs, you must have to submit Collateral Security equal to loan amount for sanction of your education loan.

Formalities to apply for an Education loan to study MBA in Singapore are :-

1. You must have secured admission and you must have obtained an admission letter from the respective university.

2. You must have to submit all your study certificates including 10th, 12th and UG certificates Xerox copies.

3. You must have to submit income proofs i.e., latest 6 months salary slips of your Guardian.

4. Once, you submit all the documents required for loan, your education loan will be sanctioned within 2 weeks.

Formalities required for education loan :-

- You need to approach bank for education loan and contact the branch manager to get the details along with your prospectus , fee structure and admission letter.
- Comply with the terms and conditions of education loan.
- Submit all the documents as per bank's requests.
- Follow the instructions of bank to sign the loan documents and apply properly.