Education and Career Forum

Hello,
I am NRI, staying and working in UAE. I need Education Loan for my daughter. She wants to study MBBS. My total salary is 3000 AED. So, please tell me the process for applying Education Loan as I am NRI but my daughter is Indian, lives in India.

Originally Posted by Unregistered

Hello,
I am NRI, staying and working in UAE. I need Education Loan for my daughter. She wants to study MBBS. My total salary is 3000 AED. So, please tell me the process for applying Education Loan as I am NRI but my daughter is Indian, lives in India.

Student Eligibility

• Should be an Indian National.
• Should have secured admission in recognized university on merti based or through entrance test after completion of 12th.

Course Eligibility:

• Course should be approved and offered by recognized colleges. These colleges should be recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc.

For Indian studies up to 4 lacs of loan, No security required, parents or guardian can be made joint borrower.
Up to 7.5 lacs and more than 4 lacs, parents or guardian can be joint borrower and collateral security should be given in the form of third party guarantee. Above Rs.7.5 lac, tangible collateral security of suitable value will be accepted by the bank.

If you have above things ready then you can apply for education loan through any bank in India.