|
#1
3rd February 2017, 02:44 PM
|
|||
|
|||
How does the Banks verify the Academic Grades if I apply for Education Loan for any College?
Respected Sir, I want to get an Education Loan for my studies because I belong from a Middle Class family so I need to know how does the Banks verify the Academic Grades if I apply for Education Loan for any College? Please explain briefly so that its easy for me to understand.
|
|
#2
14th March 2017, 09:22 PM
|
|||
|
|||
Re: How does the Banks verify the Academic Grades if I apply for Education Loan for any College?
No, Banks do not verify academic grades for sanction of Education loan. It is not one of the criteria for sanction of loan. You need to meet other essential requirements for sanction of loan.
Essential documents for sanction of loan; 1. Proof of Identity and address of parents and candidate. 2. Education loan containing fee structure. 3. Academic certificates. 4. Scorecard of entrance exam. 5. Income certificate etc. For loans above, 4.5 lacs, guarantor is required and for loans above 7.5 lacs, collateral is required. |
Related Topics: |
||
| Thread | Replies | Last Post |
| Can I apply for an Education Loan in IndusInd Bank for my son's education? Expenses covered under this Education Loan policy? | 2 | 24th May 2019 09:37 PM |
| Maximum Loan amount to be taken in State Bank of India Education Loan? Interest rates against this Education Loan? | 1 | 9th November 2016 08:20 PM |
| What kind of features are available in an Education Loan scheme to study Post Graduation in Abroad? Is it possible to pay education loan amount after completion of education? | 1 | 12th March 2016 06:57 PM |
| How can I get Bank Education Loan of Rs. 16 Lacs to study MS in UK? Can I repay Loan after getting job? Do I have to Mortgage the property to apply for Bank Education Loan? | 1 | 9th April 2015 01:34 PM |
|
|
Education and Career Forum
