Education and Career Forum

Can I get any loan under my educational certificates. I mean by mortgaging my educational certificates?

Can I get any loan by mortgaging my educational certificates?

Yes, the candidate can get loan by mortgaging their educational certificates. But every bank has their different rules regarding it. The candidate will have to attach the given documents to get loan:

1. Aadhar card,

2. !0th and 12th Marksheet,

3. Address proof, etc.

Yes, you can get the loan on the basis of your degree certificates.

You can take:

1- Vehicle loan.

2- Instant loan.

3- Business loan(Mudra Loan)

All you need is to provide the lender your certificates photocopy with verification of original certificates.

Other documents you need to provide are:

PAN
Aadhaar
Voter ID
Passport-sized photo.

and you are done availing your loan.

Can I get any loan by mortgaging my educational certificates?

1. You can get loan against your marksheet from the given banks:

State Bank of India
ICICI Bank
HDFC Bank
Axis Bank
Canara Bank
SBBJ
Union Bank
UCO Bank
Bank of Baroda
Punjab National Bank.

To take collateral or secured loans from bank, one has to pledge collateral which could be any property , financial assets such as
House
Flat
Non agricultural land
FDs
Life insurance policy
Government bond etc.

But one cannot pledge their marksheet or any graduation certificate to get any kind of loan.
However banks grant loan to meritorious students on the basis of their marks and educational to study at premier colleges in India or abroad and this is called marksheet loan.

No bank in India lends a loan against the mark sheet as security. You cannot pledge your marksheet or graduation certificate to get any loan from SBI.

No. In India, no bank will provide you any loan based on your educational certificates. Bank will not accept your mark sheet or graduation certificate as security for any type of loan.

No.
No bank in India will give you a loan based on your educational credentials. Your mark sheet or graduation certificate will not be accepted as collateral for any type of loan by the bank.