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  #1  
23rd April 2015, 02:24 AM
Unregistered
Guest
  
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Guarantor is eligible to get Education Loan for studying MBBS?


Hello,
I want to apply for Education Loan
from any Bank for doing MBBS. But before
this I want to know about the Guarantor
eligibility for applying Education Loan?
Kindly tell me how Guarantor eligible?




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  #2  
4th May 2015, 01:21 AM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Guarantor is eligible to get Education Loan for studying MBBS?

Guarantor is usually required for loan above 4.5 lakhs. Any person who has good reputation and stable income source and not any of your immediate family members can become a guarantor of the education loan sanctioned to you. There is no other eligibility conditions for being a guarantor. He/She has to complete the necessary formalities and submit the requisite documents as stated by the bank apart from signing the loan documents along with you. The bank will approach him/her in case you or co-borrower of the loan reject to repay the education loan.
Do you have any question? or have anything to say?



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