#1  
15th April 2015, 07:01 PM
Unregistered
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Is it possible to show Brother-in-Law's IT file as a guarantor instead of father to apply for Bank Education Loan?


Dear Sir,
I am the only son and I have one sister who is married.
I want to take Education Loan for MBA.
But unfortunately my father is died.
So is it possible for me to attached my
Brother-in-Laws IT details as a guarantor to get Loan?





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  #2  
15th June 2015, 09:21 AM
ArunavaBasu
Senior Member++++
 
Join Date: Mar 2015
Posts: 2,155
Default Re: Is it possible to show Brother-in-Law's IT file as a guarantor instead of father to apply for Bank Education Loan?

If your Brother-in-Law is willing to be your guarantor then you will not have any problem in getting an Educational Loan considering the circumstances that you are facing.
You will have to take the letter of admission with you and also your brother-in-law in person to the Bank from where you intend to take the Loan.
There you will have to talk with the Branch Manager and then he will sanction or reject your Loan request.
The chances of your Loan request getting accepted is very high.
So make sure you start the process of going to the Bank and initiating a Loan request as soon as possible.
  #3  
18th July 2021, 11:32 AM
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Default Re: Is it possible to show Brother-in-Law's IT file as a guarantor instead of father to apply for Bank Education Loan?

Can my husband play guarantor's role for my education loan
  #4  
4th June 2022, 12:44 PM
Hera tabrez
Junior Member
 
Join Date: Oct 2020
Location: Kanpur
Posts: 5,146
Default Re: Is it possible to show Brother-in-Law's IT file as a guarantor instead of father to apply for Bank Education Loan?

Parent or Guardian or any relative can act as a guarantor for an education loan.
Education loan also require key lender approved collateral such as property , documents, fixed deposit etC

If a husband of an education loan applicant is already a third party guarantor to another, he can gurantee his wife's account upto 7.5 lacs as it's mandatory.

Thus husband can act as a guarantor for an education loan.
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