Education and Career Forum

sir,what is difference between rich and poor.why the poor people have no proper rights to take education loan the leading banks of the country?

Poor students are not deprived of getting education loan from leading banks. It is just that banking sector is also a business and therefore the money invested should be received back with profit. As a result, the poor students cannot get an education loan of very high amount as there are norms like mortgage of property which most of the poor students are unable to show. You have to understand that anyone will invest money on you only if there is chance of its recovery. Hence poor students are usually not given education loans of high amount but they can take education loans upto 7.5 lakhs with third party guarantor.