#1  
12th February 2018, 02:30 AM
Unregistered
Guest
 
Posts: n/a

Is it possible to change the guarantor for educational loan once it is sanctioned?


Hi, this is gurjot. I have an education loan sanctioned last month of 7 lakhs from union bank of India whose guarantor is my uncle. Now I want my father to be the guarantor of the same loan. Can I do that? Given circumstances that I have not disbursed any amount from the loan yet. Also what my father will require being eligible to be the guarantor?





Related Questions:
  1. Procedure to change guarantor for education loan? Eligibility criteria for it?
  2. How to get an education loan to study M.Tech in ECE from State Bank of Mysore?
  3. Can I make my Brother a Guarantor while applying for an Education Loan?
  4. Can my brother become a guarantor against an Education Loan if my father is unemployed?
  5. Is it possible to apply for educational loan without working in government sector?
  6. Is it possible to make my Brother-In-Law a guarantor against an education loan if my father died?
  7. Is it possible to present my Brother-In-Law as a Guarantor to apply for Education Loan due to my father's death?
  8. Whether my sister become Guarantor to apply for an Education Loan if my father died?
  9. Can I go to Abroad for studies after 10th? Will Bank finance for education there?
  10. How poor students can complete their education if the scholarship amount is not sufficient?
  11. Whether a 3rd Party Guarantor must be an Account Holder of Bank for taking Education Loan? Is documents necessary to show by the Guarantor? A retired person can be a Guarantor?
  12. Can I get an education loan without a collateral security? -- [Most Discussed]
  13. Whether my Brother-In-Law can become a guarantor against an Education Loan if he is non-resident of Kolkata?
  14. Can my father become a guarantor against an Education Loan if I am a married woman?
  15. What is the procedure followed to get student educational loan?
  16. Guarantor is eligible to get Education Loan for studying MBBS?
  17. Eligibility to get an Education Loan of Rs. 20 Lacs to study MBA in UK?
  18. Whether a retired person is eligible to become a Guarantor for Education Loan of upto Rs. 7.75 Lacs? Is it necessary to submit any document for a Guarantor?
  #2  
19th February 2018, 08:24 PM
ajayrocks007
Senior Member+++++
 
Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Is it possible to change the guarantor for educational loan once it is sanctioned?

You need to contact with the bank and ask them about the procedure. They will cancel your application and initiate a new one, with father as your guarantor.

It will depend on your father's income and his property, which will decide the fate of your education loan now. If your father has income like your uncle, then there shouldn't be any problem.
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
Can I apply for an Education Loan in IndusInd Bank for my son's education? Expenses covered under this Education Loan policy? 2 24th May 2019 09:37 PM
Maximum Loan amount to be taken in State Bank of India Education Loan? Interest rates against this Education Loan? 1 9th November 2016 08:20 PM
What kind of features are available in an Education Loan scheme to study Post Graduation in Abroad? Is it possible to pay education loan amount after completion of education? 1 12th March 2016 06:57 PM
How can I get Bank Education Loan of Rs. 16 Lacs to study MS in UK? Can I repay Loan after getting job? Do I have to Mortgage the property to apply for Bank Education Loan? 1 9th April 2015 01:34 PM



Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
vBulletin Optimisation by vB Optimise.
Please also check: