Education and Career Forum

Respected Sir/Madam,
I have completed my 12th and I want to study BBA. It cost Rs. 1.5 Lacs. Kindly let me know how can I get an Education Loan of Rs. 1.5 Lacs? What is the procedure?

You need to go the nearest Branch of the Bank where you want to apply for the Educational Loan.
You will then need to provide the letter of admission to the College as a document.
Since you your Loan amount is less than Rs 4 Lacs you will not have to provide something as a mortgage.
You will need to provide the IT Return of the highest earning family member.
Once the Bank is satisfied with all your documents your Loan will be sanctioned.
This is the procedure to be followed in your case.

To avail an education loan, the candidate has to meet the banks respective criteria.

After meeting the criteria, fill the application form and submit it back by attaching the necessary documents such as Mark sheet, Admission letter, address and ID proof, Bank statement etc. The candidate has to provide collateral security or a third person guarantee to avail education loan.

Upon verification of all the documents, the banks will sanction the education loan to pursue your education.