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  #1  
16th April 2017, 04:58 PM
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Possibility to apply for an education loan to study MBBS course from Ukraine against mortgage of 1950 model Ford vintage car?


Hello sir, My father has 1950 model Ford vintage car. I want to know can I apply for an education loan to study MBBS course from Ukraine against mortgage of it?




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  #2  
21st April 2017, 10:01 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Possibility to apply for an education loan to study MBBS course from Ukraine against mortgage of 1950 model Ford vintage car?

It depends on the bank, whether they will consider the value of that car. Mostly, banks only consider immovable property for any kind of loan. Car is not a secure property for getting a big amount of loan.

Therefore, if you have any kind of residential land, then it will be a better bet for getting an education loan.
Do you have any question? or have anything to say?



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