#1
18th July 2016, 01:59 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? |
#2
20th July 2016, 09:17 AM
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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.
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