Education and Career Forum

Can I take education loan if I am a fee waiver student of B.Tech 2nd semester? If yes then how please specify in details.

Some of the essential documents required for sanction of Education loan is as below:

>>AICTE approval letter of your engineering.

>>Proof of address and Proof of identity.

>>Marksheets and certificates of your 10th and 10+2 board.

>>Loan letter from your college containing fee structure of academics and hostel fee.

One of the important document required for sanction of loan is loan letter, without which loan letter can be sanctioned, your institute will not give you education loan letter and due to which loan can not be sanctioned for fee waiver candidate.

Yes, you can take education loan inspire of being fee waiver student. There is no problem in opting for education loan to meet other study expense like institutional charges, hostel and mess fees, books cost, and other study related expenses.You will need to approach the bank near your residence and contact its branch manager. Have a discussion with the branch manager concerning the education loan details and the detailed terms and conditions. Act as per instructions from bank to get your loan sanctioned.

Yes, surely you can apply for loan if you are not able to meet the expenses of B.Tech course. Just visit the nearest bank branch and apply for education loan with supported documents related to your admission.

Requirement of a guarantor is a must for loan sanction. If you fulfill the criteria have all the documents in place then loan will be sanctioned.