#1  
23rd September 2015, 05:46 PM
Unregistered
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How can I apply for an Education Loan to study MBA if my parents are retired and have no income?


Sir,
I have got admission in Autonomous B-School for MBA course. But I have require education loan which is not easy task for me as my parents are retired now and has no income. I cannot get education loan because Guarantor is required. I cannot put unnecessary burden on them. Is there any way out?





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  #2  
17th December 2017, 01:18 PM
Careerexpert
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Join Date: Dec 2013
Posts: 12,066
Default Re: How can I apply for an Education Loan to study MBA if my parents are retired and have no income?

Quote:
Originally Posted by Unregistered View Post
Sir,
I have got admission in Autonomous B-School for MBA course. But I have require education loan which is not easy task for me as my parents are retired now and has no income. I cannot get education loan because Guarantor is required. I cannot put unnecessary burden on them. Is there any way out?

If your father or mother has properties like shop or flat or land or building or house, then you can apply for an education loan. The property value should cover your education loan. Getting an education loan also depends on the employability of the course you are studying and the institution you are going to join. It is better to visit any nationalized bank branch near your residence and contact the manager for getting an education loan. There are various nationalized banks in India offering education loans to students.
Do you have any question? or have anything to say?



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