Education and Career Forum

Hello, I am working in Canada and my salary is 1100 Canadian Dollar. My daughter want to take education loan for doing MBBS course. As I am working outside India, then what is the procedure that she will apply for Education Loan.

On confirmation of admission to MBBS in a reputed college, one can easily apply for loan in any nearby branch.
One can get upto INR 10 lacs for Indian colleges and INR 20 lacs for studying abroad.
For loans upto INR 4 lacs , np collateral security is required and for loans exceeding 7.5 lacs , both collateral security and third party gurantee is required.

The applicant should have a Co-borrower such as parent who act as guarantor of loan.
Thus it also depends on the amount of loan , one is applying.
You can also talk to the bank manager for such case, as every bank have different criteria.
You have to attach required with the application form.