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  #1  
19th September 2015, 04:34 PM
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Is it possible for me to get educational loan for about 6 to 7 lakhs for doing NIFT course without any mortgage?


Hi i m vaidehi...

Can i get loan upto 6 to 7o lacs for nift without any mortgage??? As u know fees of nift are very high n my family annual income is 1.25 lacs...? Can you please provide me the complete information on the same? Awaiting for your answer soon!




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  #2  
20th September 2015, 12:10 AM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Is it possible for me to get educational loan for about 6 to 7 lakhs for doing NIFT course without any mortgage?

Yes, it is possible to get education loan of 6-7 lakhs without any mortgage. Now, the norms and terms and conditions of education loan have been made lenient. So there is nothing to worry. You can take education loan up to 7.5 lakhs and you do not require any mortgage till this amount. You will need third party guarantor and 15% as margin for security. So, you can meet the expense of your NIFT course easily.
Do you have any question? or have anything to say?



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