Education and Career Forum

Iam student wishing to study abroad and need finance of abt 20 lacs .how do grant? Anything to be kept as modgage ? Needs any guareentee? What is requirements to qualify ? please give all details

To get Education loan of about 20 Lacs for studying in Abroad, you must have to provide Collateral Security such as Immovable Property, fixed deposits, etc. to bank, the Collateral Security amount should be equal to the loan amount. If the bank accepts your Collateral security for providing loan, they will start process and your loan will be approved.

Now a days there is no money problem for study. Government has launched so many schemes under which a candidate can study even if he is financially poor from home.

One can take a education loan of 8 lacks rupees for studying in the INDIA.

Also if a candidate want to study abroad then he can take a maximum of 20 lacks rupees as a education loan.

For education loan you have to meet with following requirements :

You have to submit a photocopy of your passport and visa.

You have to submit a photocopy of all documents specified by the bank.