Education and Career Forum

Hello friends, I have got admission in VIT for my B.Tech program. I have selected Civil Engineering. I want to take education loan for my B.Tech. I have submitted the admission fee and 1st semester fee. But the problem is my father is working in Abroad and my mother passed away a long time ago. I have only me left in my family. In this situation how can I get education loan? I need of loan for my education otherwise I have to stop my education. So, help me please.

You need to have a guarantor for your education loan. If your father is earning abroad, then also there isn't any issue. You have to provide the bank some security or collateral.

If you have good enough collateral, then banks wouldn't have any issue in giving your an education loan.

Its important to produce the security documents to banks in order to get any type of loans. For educational loans its mandatory that your parents or any guardian should sign the papers.

The loan will be given in your name and what is more important is that you have to complete all the papers in the first semester to get the fees for the second semester.

Any Arrears will fetch negative impact and bank will show reluctance in giving you the subsequent years fees.

Banks have different procedures, its better to go to bank directly and explain your situation and seek clarification is the best option.

Its important to produce the security documents to banks in order to get any type of loans. For educational loans its mandatory that your parents or any guardian should sign the papers.

The loan will be given in your name and what is more important is that you have to complete all the papers in the first semester to get the fees for the second semester.

Any Arrears will fetch negative impact and bank will show reluctance in giving you the subsequent years fees.

Banks have different procedures, its better to go to bank directly and explain your situation and seek clarification is the best option.