Education and Career Forum

Respected Sir/Madam,
I have got an Education Loan of Rs. 3.55 Lacs for getting B.E. degree. I have finished this year and working in TCS. Due to family situation, I cannot able to pay interest itself. I am going to appear in GATE. If I get any of IIT again I need money to study that. For that too I have to go to bank for Education Loan. So my question is, can I get Education Loan for M.E. again? Please clarify me. It prevents me from my preparation..

Yes, definitely you can take the educational loan for your M.E course. But the thing is that you have to firstly repay your loan if you take the educational loan from the same bank through which you have already taken the loan during B.E course.

Following are the documents required for applying the educational loan:

--Admission slip which you got at the time of admission

--Entrance exam score card through which you got admission such as GATE score card.

--color photo

--Address and identity proof Xerox

--Xerox of previous academic qualification such as B.E, 12th and 10th.

**After taking all these documents, visit to nearest bank branch, fill the form and submit it with relevant documents.

--In my opinion, you have to try your best to score more marks in GATE exam. As a result of which you got admission in any AICTE approved institution through GATE score. You will get a monthly stipend of 12400 and you will no need to take the educational loan.