#1  
23rd July 2017, 03:51 PM
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Possibility to get interest free education loan from government banks to study MBBS course in abroad being a son of Naval force?


Sir, My father is serving in Indian Navy and I have passed 12th from CBSE board. Now, planing to study MBBS course from abroad. Can I get interest free education loan from government recognized banks?





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  #2  
26th July 2017, 11:32 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Possibility to get interest free education loan from government banks to study MBBS course in abroad being a son of Naval force?

You can only get subsidy under central government scheme on education loan, if annual income is less than 6 lacs. There is no interest free education loan and only subsidy will be provided.

Hence, if your son gets admission in a recognized college, then he should apply for education loan and you need to become the guarantor for him. Income proof will be required for subsidy.
Do you have any question? or have anything to say?



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