9th August 2014, 10:32 PM
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Diploma and 12th are equivalent to get Education Loan for Abroad?

Dear Sir,
diploma and 12th is similar for education loan for abroad?If yes,please tell me resolution from education department,gujarat......

21st July 2015, 09:20 PM
Senior Member++
Join Date: May 2012
Posts: 1,176
Default Re: Diploma and 12th are equivalent to get Education Loan for Abroad?

No, diploma and 12th standard degree are not always the same. In fact, they are quite different sometimes in terms of experience and preference. For example, a diploma in polytechnic or a lateral entry course can only be taken after you pass your 12th standard degree course. If you have not passed 12th standard and that too in a degree course yet, then you will not be eligible to apply for these kind of diploma courses. Now, the question comes as how to apply for the education loan. Before applying for the education loan, you have to get admitted in the course, for which you are applying education loan. No bank will grant you loan unless you have the proper consent of the organization that you are going to study there, be it diploma or degree. You have to ask for the consent letter from that organization in abroad. Next you have to pay the initial admission fee yourself. Only then can you get the loan. You have to show the receipt of your first payment to that organization. Next some of family members must have a permanent job. You have to show his or her official income and pan card to prove that you have the financial stability to pay off the loan. When you satisfy all these conditions, you will get the loan.
Do you have any question? or have anything to say?

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