Education and Career Forum

Hello Sir/Madam, I am working in Kuwait. As you know that many region of Kuwait is tax free so I come under tax free region. Now, my son want to apply for an education loan of Rs. 6 Lacs for his education. So, he get any problem due to this issue?

For getting an education loan, it's important to have got admission in a reputed college.

Once you get confirmed admission in any Government recognised university or college , you can apply for loan

For loans upto INR 4 lacs , no collateral security is required.

For loans above INR 7.5 lacs both collateral security and third party gurantee is required.

A guarantor is usually a family member or can be a friend to whom one can trust who has reasonable source of income.

Banks offer education loan easily once they are satisfied with the security being offered against education loan.