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  #1  
4th September 2016, 08:45 PM
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Who can be the nominee for the education loan?


Hello sir, I have completed 12th with Commerce stream and want to apply for an education loan. I know the procedure to apply but have a query about nominee. Please tell me who can be the nominee for me?




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  #2  
10th September 2016, 01:35 AM
bhushankumar398
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Join Date: Jun 2013
Posts: 1,303
Default Re: Who can be the nominee for the education loan?

You have completed your 12th standard with commerce stream and want to apply for an education loan. You are interested to know about the nominee for education loan.

**Basically you can give your mother or your father name as nominee in education loan. The main role of nominee is that if any incident happens with you then your nominee will pay the loan amount to the bank. So your mother/ Father/ Elder brother will be best option for nominee in education loan. You have to submit a Xerox copy of identity proof of nominee too while submitting the application form.
Do you have any question? or have anything to say?



« What should I do to get an education loan instead of home loan if applied one month ago? | How to approach the bank to reduce the repayment of education loan amount? Should I consult to Education Minister of the state? »

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