Education and Career Forum

Sir, I am studying final year final semester in BPharm. After my undergraduate course I will move to my Master degree i.e.; MPharm. But this time I will take education loan from SBI Bank. I have searched about the terms and conditions of education loans by SBI Bank but can’t understand about the third party guarantor. I would like to know about third party guarantor.

Originally Posted by Unregistered

Sir, I am studying final year final semester in BPharm. After my undergraduate course I will move to my Master degree i.e.; MPharm. But this time I will take education loan from SBI Bank. I have searched about the terms and conditions of education loans by SBI Bank but can’t understand about the third party guarantor. I would like to know about third party guarantor.

The Third party guarantor may be a member of the student’s (borrower) family. Third Party Guarantor is a member who has wealth or a salary to pay back the education loan. Security required for the SBI education loan of Rs 4 Lakhs up to Rs 7.50 Lakhs is as follows: Co-obligation of parents together with collateral security in the form of suitable third party guarantee. Students can contact the State Bank of India branch for more details on the same. The SBI education loan website link is given Click Here