Education and Career Forum

Sir,
My sister got admission for B.Ed curse in Chennai. She has done B.Sc(Mathematics). I as her brother want to apply for Bank Education Loan for her B.Ed course. Kindly let me know how can I apply in Bank Education Loan?

You can definitely apply for education loan on behalf of your sister as a co-borrower of the loan provided you have a stable source of income. When your sister gets admission call for B.Ed course, you along with your sister needs to approach a bank near your residence for education loan . Your sister's presence is essential for education loan application. Approach the branch manager with loan request and you can be the co-borrower for the education loan. Get to know all the terms and conditions of education loan scheme along with the norms which you both need to follow. Comply with the terms and conditions and act as per instructions from bank to get the education loan request sanctioned.

You can obtain education loan form from any bank from which you are interested to take education loan in order to fund education of your sister. You can be co borrower along with your sister but education loan can be issued only in name of candidate for whose education, loan is required.

The application form will need signatures of your sister and other personal details. Along with application form, you need to have certain other documents like proof of address, proof of identity, pan card of both of you, loan letter from college containing fee structure and other details of college.

Central government has launched education loan portal. You can directly apply for education loan to multiple banks. For more details, visit https://www.vidyalakshmi.co.in/Students/.