Education and Career Forum

Hello Sir,
I want to apply for Bank Education Loan
for doing my B.Tech course. I have land on
behalf of this land I want to apply for Education Loan.
I just want to know that the Bank evaluate the amount
of my Land then provide me Loan?

All nationalized banks offer educational loans for all eligible and meritorious candidate's to pursue their higher education. For above Rs.4 lacs one has to keep the collateral security. As collateral security includes assets, stock, jewelery etc.., As land come under assets one can apply for the educational loan by keeping land as an collateral security. Collateral may be equal, less or more than the value of the loan. Most of the banks evaluate the value of security and then sanction the loan according to that.

Originally Posted by Unregistered

Hello Sir,
I want to apply for Bank Education Loan
for doing my B.Tech course. I have land on
behalf of this land I want to apply for Education Loan.
I just want to know that the Bank evaluate the amount
of my Land then provide me Loan?

Yes, the bank will calculate your capital vale and then according to that your Loan will be sanctioned. So, based on your capital value the amount of loan you will be getting. Also, if you will negotiate then you can get more amount then your land Value. So it is based on how well you negotiate with the banks.