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  #1  
20th December 2016, 05:59 PM
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Possibility to apply for an education loan in security of grand father's pension account if he gets 10,000 monthly?


Sir, I want to study MBA course so, I need an education loan. Please tell me can I apply for an education loan in security of my grand father's pension if he is retired from Army and getting 10,000 monthly?




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  #2  
23rd December 2016, 09:39 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Possibility to apply for an education loan in security of grand father's pension account if he gets 10,000 monthly?

Yes, you can definitely apply for education loan in order to pursue MBA course. Since you want to apply against your grandfather's pension account, so your grandfather needs to become either co-borrower or a third party guarantor. However, you might need additional collateral security if you want to seek loan above 7.5 lakhs.
Do you have any question? or have anything to say?



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