#1  
18th July 2016, 12:59 PM
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My father become a guarantor in the Education Loan if he is a cancer patient and unemployed?


Dear Sir,
My father is a cancer patient and I need to get money for my education. I will not depend on any scholarship because I need huge money for my education. As my father was the only earning person and now he is unemployed so if I can apply an Education Loan from any bank then my father can become a guarantor?





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  #2  
20th July 2016, 08:17 AM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: My father become a guarantor in the Education Loan if he is a cancer patient and unemployed?

I am extremely sorry to state that your father cannot become the guarantor of your education loan since he does not have a stable source of income. Moreover, guarantor is usually third party and not immediate family members lie father and mother. Your father can become co-borrower of your education loan provided he holds good value of assets as per the education loan value.
Do you have any question? or have anything to say?





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