#1
15th September 2017, 10:17 PM
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Which type of shop can be mortgaged for education loan? What are the requirements for it?
Sir, I have completed 12th course and now want to study MBBS course from Russia so, I need education loan. My father has a Sweet Shop but I don't know it's value. Can I mortgage the shop for education loan? What are the requirements for it?
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#2
20th September 2017, 10:55 PM
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Any commercial property, which is in your family's name. You need to get it mortgaged, only when you have taken a big education loan for studies. Normally, for study abroad course, you need to have take collateral security.
Hence, any shop which is in your name and has a good turnover, can surely be considered for mortgage. |
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