#1  
22nd August 2016, 02:57 PM
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Is it possible to apply for an education loan at Government bank if my father's income is 4 lakh?


Hello sir, I was applied for JEE Mains exam and got 200 marks. I know at this score I can get a good NIT college. My father's income is 4 lakh yearly. Can I apply to get an education loan from Government bank?





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  #2  
22nd August 2016, 11:54 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Is it possible to apply for an education loan at Government bank if my father's income is 4 lakh?

Yes, you can definitely get education loan from any public sector banks to pursue your engineering degree course in NIT. There is no problem with the income of your father. Moreover, if you get admission in NIT, your loan request will be sanctioned easily as NIT bears good reputation and offers good placement opportunities. You need to comply with the terms and conditions of the education loan scheme and ensure all formalities are completed to get the loan request sanctioned.
  #3  
23rd August 2016, 08:23 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Is it possible to apply for an education loan at Government bank if my father's income is 4 lakh?

If you can get admission at a recognized institution or college then surely you will be eligible to apply for education loan at a government bank. Just apply after getting confirmation of admission through counselling.

Your father's income is good enough to get you an education loan and you will be eligible for subsidy in interest according to central government scheme.
Do you have any question? or have anything to say?



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