Education and Career Forum

Dear Sir,
I am trying for my MBA. I am seeking an Educational Loan for it. My father is a retired person but yet he is working in a Private Firm. He is a Pensioner too. Is it possible for me to get an Educational Loan of about Rs. 6 Lacs?

Yes, it is possible for you to apply for an education loan of Rs. 6 Lacs even if your father is a retired pensioner and working in a private firm. The eligibility criteria for an education loan usually includes the academic performance of the student, the reputation of the institution, and the financial status of the co-borrower or guarantor. As your father is still earning and has a pension, he can act as a co-borrower or guarantor for your education loan. However, it ultimately depends on the policies of the bank or financial institution from which you are seeking the loan. It is recommended that you check with the concerned bank or financial institution for their specific eligibility criteria and requirements for education loans.