Education and Career Forum

Hello Friends,
I am an employee from 1 year and earns Rs. 13,500 per month. I want to apply for an Education Loan for my younger brother. Actually he want to study BDS course. I have no IT file or any mortgage for applying Education Loan. So, in this situation I can apply for an Education Loan for my brother in any Bank?

Yes, you can apply for an education loan for your brother's education even if you have no IT file or mortgage. However, the loan amount and interest rate may be lower than if you had these things.
Some banks that offer education loans without IT file or mortgage:

• State Bank of India
  
  
• Punjab National Bank
  
  
• Bank of Baroda
  
  
• HDFC Bank
  
  
• ICICI Bank[COLOR=var(--bard-color-on-surface-variant)][/COLOR]
  
  

To apply for an education loan without IT file or mortgage, you will need to provide the following documents:

• Proof of identity
• Proof of residence
• Proof of income
• Proof of your brother's admission to the college
• The college's prospectus

The interest rate on an education loan without IT file or mortgage is typically higher than the interest rate on a loan with these things. However, the interest rate will vary depending on the bank and the amount of the loan.