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  #1  
11th December 2015, 05:32 PM
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Can I get Education Loan to study MBA against my Grocery shop whose half shareholder is my brother?


Sir/Mam,
I have my family’s Grocery shop. I am running that shop. But half of this property is belongs to my brother i.e.; we both are the owner of this property. I would like to get an education loan for my further education. I want to do MBA. For this the bank give me education loan by this property?




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  #2  
13th December 2015, 12:19 AM
palugulavenumadhav
Senior Member+++++
  
Join Date: Dec 2014
Location: Hyderabad
Posts: 3,103
Default Re: Can I get Education Loan to study MBA against my Grocery shop whose half shareholder is my brother?

Yes, you can avail educational loan.

The banks require any form of collateral security if the loan amount exceeds Rs.4.5 lacs and for below Rs.4.5 lacs any third part guarantee must be asked for security.

You can keep your grocery shop as security even though half of the property belong to you. Bank needs any form of security which is equal to loan amount.

Any nationalized banks offer educational loan to pursue MBA.
Do you have any question? or have anything to say?



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