Education and Career Forum

Dear Friends,
I am studying BCA in Bhubaneswar. I want to study MCA but I have a problem because my father is living in Kolkata and he is unemployed so how can I get an education loan? Please help me.

To get an Education loan to study MCA course if your father is unemplyed, you must have to provide any other person as a guarantor to bank for paying the education loan if in case you fail to pay the education loan. The guarantor must have to provide his last 6 months salary slips and must have to sign as a guarantor to get an Education loan.

There is no problem if your father is unemployed or do not have stable financial income. You can still get education loan with the help of any other guardian like your mother, brother, sister, etc. who is willing to become the co-borrower. It is not a compulsion that your father has to become the co-borrower.Moreover, you can get the education loan with ease if the loan amount is not high and you get admission in reputed university and have good academic background.