#1  
7th July 2011, 12:59 AM
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How should I get the educational loan if I am unemployed?


I am not able to pay education loan because of unemployment. What to do in this situation to pay the loan...?




  #2  
6th November 2011, 01:43 AM
swapan100
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Join Date: Oct 2011
Posts: 1,377
Default Re: How should I get the educational loan if I am unemployed?

dear friend,

yes,you can get if any one can be a granter then bank has no problem to issue Educational loan.so don't worry .
most simplest thing is that i your father is an govt employee then the problem will automatically solved
so
best of luck.




  #3  
3rd July 2012, 01:10 PM
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Default Re: How should I get the educational loan if I am unemployed?

i passed my B-Tech exam & want to take admission for M-Tech but my economical condition is very poor.I have no any support from my family members. What can i do ?




  #4  
10th July 2013, 02:38 AM
amit89itbhu
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Join Date: Apr 2013
Posts: 1,588
Default Re: How should I get the educational loan if I am unemployed?

Hi

Your question is not clear.
Are you planning to take loan being an unemployed or you are unemployed and finding it difficult to pay back your loan.

If you want to take loan then you should get admission in reputed college.
As no bank are willing to give loan if you college is not reputed as they always doubt weather you would be able to pay back your loan.
mostly bank would ask for colateral and co borrower

If you are not able pay back your loan, then bank would use your colateral or ask co borrower to pay back your loan.

All the best
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  #5  
15th January 2014, 11:10 AM
ChakrabortyP
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Join Date: Dec 2013
Posts: 2,098
Default Re: How should I get the educational loan if I am unemployed?

According to the government’s policy, if the student has low income or zero income, loans can be deferred or can be put in forbearance status. It will provide a temporary reprieve from making payments but the record of the loan status will not decrease. If in any case, you are defaulting on loans, you may face extreme results. Your company might use this information as a factor for not hiring you due to lack of reliability.
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  #6  
7th April 2015, 08:45 PM
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Default Re: How should I get the educational loan if I am unemployed?

I have three papers arrears in B.E and need to pay for the next semester to complete the course. Am I eligible for education loan?
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  #7  
7th April 2015, 11:29 PM
er.animesh6
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Join Date: Aug 2013
Location: Kolkata,West Bengal
Posts: 132
Default Re: How should I get the educational loan if I am unemployed?

Yes you can apply for education loan before the starting of any course.At the time of taking education loan bank will give you two options to fulfill it.

1. After getting job the amount will be deducted from your salary every month.

2. If you are unemployed after 2 years of course finish then the nominee at the time of taking loan will fulfill the amount on behalf of you which must be a salaried person.

So if you are unable to pay education loan then your nominee have to pay the loan for you.No other option is available for you.

It will be better for you if you get one temporary job and try to pay small amount from you salary rather than to find for permanent job.
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  #8  
8th April 2015, 03:55 AM
shekhartyagi50
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Join Date: Apr 2015
Location: ghaziabad
Posts: 232
Default Re: How should I get the educational loan if I am unemployed?

Quote:
Originally Posted by Unregistered View Post
I am not able to pay education loan because of unemployment. What to do in this situation to pay the loan...?
Well there is no solution of not paying the loan you should try for job definitely you will be able to recover the loan money
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  #9  
8th April 2015, 07:22 AM
Chandrprakash34
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Join Date: Dec 2011
Posts: 551
Default Re: How should I get the educational loan if I am unemployed?

It is easy to get education loan.If you are going to study for any course,and you are unemployed you can get the loan for higher studies after submitting some documents in banks.But you have to return the bank amount after completing your study.Some state government pays the some amount of interest in education loans.So be aware about government rules for education loan for higher studies.The repayment of loans is around all banks takes return after six months of completion of your course or after getting job which may be first.So go your bank branch office near you and take advice to get education loan for higher study.
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