Education and Career Forum

Respected sir.

I am doing m. pharma from private institute of madhya pradesh. I have completed 1st year without loan and want to loan for 2nd year (last year).

Education loans mainly depend on the worthiness of the borrower. It is completely bank’s discretion to sanction the loan after assessing your credit worthiness. In a way, the bank also checks out the merit of the borrower. It is on the basis of the marks scored in the entrance examination, you will get the loan sanctioned. Education loan can be sanctioned by the banks when your pursuing M.Pharma course in last year. You need to assure the bank that your score will be good in 2nd year too.