Education and Career Forum

I have around 7 years of working experience in HR in India and UAE. I holds a B.Sc and PGDM. I have secured admission in The University of Central Lancashire, UK for MS in Human Resource Management. I have my savings equivalent to the course fee of Rs. 8000 Pounds but would still require the living expenses to stay and to to show the university. its a 1 year course and I have some shares which are Rs. 1,60,000 INR, Mutual funds of around Rs. 50,000 INR currently, Life Insurance (LIC) INR 8194/ quarter from last 10 years and is still going and ICICI Prudential Life Insurance Policy Fund of about Rs. 50,000 INR. My question is, I wish to take a Education Loan from any Bank, these are the only above documents I can show as my asset. I am presently working in Dubai on work visa and will come back to India for securing Loan. In this case I can get Education Loan? How much amount of Education Loan is easier for me to secure without any Guarantor?

Originally Posted by Unregistered

I have around 7 years of working experience in HR in India and UAE. I holds a B.Sc and PGDM. I have secured admission in The University of Central Lancashire, UK for MS in Human Resource Management. I have my savings equivalent to the course fee of Rs. 8000 Pounds but would still require the living expenses to stay and to to show the university. its a 1 year course and I have some shares which are Rs. 1,60,000 INR, Mutual funds of around Rs. 50,000 INR currently, Life Insurance (LIC) INR 8194/ quarter from last 10 years and is still going and ICICI Prudential Life Insurance Policy Fund of about Rs. 50,000 INR. My question is, I wish to take a Education Loan from any Bank, these are the only above documents I can show as my asset. I am presently working in Dubai on work visa and will come back to India for securing Loan. In this case I can get Education Loan? How much amount of Education Loan is easier for me to secure without any Guarantor?

According to the information provided by you to us, the document that you hold is more than sufficient for showing your Authenticity as well as genuineity to get the Education loan. Also, you are having a lot of Savings that can acts as a guarantee in respect to the loan you will get. So, you can get the loan of maximum 20 lac from any Bank.