#1  
19th March 2016, 10:51 PM
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How can I get an Education Loan for my son's higher studies while having rental income?


Hello,
I am having a rental income of Rs 35000 per month and my wife is an earning member and gets salary Rs 8000 per month. I have one son studying Engineering second year at Delhi. I need an education loan for his higher studies. Please do let me know if I could be entitled for the same if so how could I avail this facility for my son?





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  #2  
20th March 2016, 10:15 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How can I get an Education Loan for my son's higher studies while having rental income?

Yes, you can definitely avail education loan for your son to meet the expense of his engineering course. Since you have rental income and your wife is also having a stable income source, so you can definitely get education loan. However, you need to show the income tax certificate on the basis of your rental income and the property you own, which is the property tax certificate to avail education loan for your son. You need to approach a bank near your residence from which you want to avail education loan. Have a discussion with the branch manager, stating your details and the get to know the details of the education loan. Act as per banks instructions to get your education loan sanctioned.




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