Education and Career Forum

Hello Sir,
I have to get an Education Loan to study B.Tech of upto Rs. 8 Lacs. Will you help me for getting an Education Loan? Please help me!

You can definitely get education loan to pursue B.Tech course. First you need to get admission call from a well recognised institute. Then you need to approach the nearby bank with the admission letter and prospectus of the concerned institute. Approach the branch manager and have a discussion concerning the education loan. Get to know the detailed terms and conditions and the formalities which you need to do. Since you are opting for education loan above 7.5 lakgs so there will be more terms and conditions and even mortgage of property will be required. Act as per the instructions from the bank to get your loan request sanctioned.

You are interested to get educational loan up to loan amount of Rs. 8 lacs for your B.Tech course.

Documents Required:

--Admission slip which you got from the college

--10th , 12th Mark sheet Xerox

--Address and Identity proof

--3-4 color photograph

**Also make sure that in the admission slip it is clearly mentioned the fee of course i.e up to 4 years.

Security: Since you are taking educational loan more than 7.5 lacs. In this your parent/ guardian as co-borrower and tangible collateral security is required.

>>After getting all these documents in original and one set of Xerox. Visit to the nearest bank branch from which you want to take the educational loan. Then fill the application form and submit it with all the relevant documents. Your application form is firstly validated by bank official and loan amount will be sanctioned within 15 days. In my opinion you have to apply for educational loan from nationalized banks such as SBI, PNB etc rather than from private banks.

Banks or any other Institutions never do provide the total amount to pursue the course. However, the amount which you are expecting to avail as a loan should not be the total amount of the course or else you will not be able to avail that amount.

Procedure:

You will have to apply for education loan in banks or any financial Institutions providing loan facilities for education purpose. The further details regarding the documentation and the details required, will be mentioned to you by the staff itself.

To get an Education loan of Rs.8 lakhs to study B.Tech course, you must have to contact the bank regarding complete details of loan process. You need to fill up the application form and submit the below mentioned documents to bank for processing your education loan are :-

1. Application Form
2. Identity Proof
3. Address Proof
4. Latest 6 months Salary Slips or IT returns
5. Admission Letter
6. Education Certificates till 12th standard
7. Passport Size Photographs
8. Collateral Security documents