Education loan

jerin joseph (Querist) 19 March 2013 This query is : Resolved
sir,, i am planning to do my mba from canada, for that i need 7.5 lakhs as fees for course and i have to show 5.5 lakhs in my account for 1 year which is withdrawable after 1 year, currently i am not having any collateral security to give,,so can i get a loan of 13 lakhs without collateral security..tell me any possibility of getting the amount?????

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Devajyoti Barman (Expert) 20 March 2013
Get in touch with several banks. These days the banks have scaled down terms for giving study loan.

Advocate Sastry (Expert) 20 March 2013
According to my knowledge all banks insist for collateral security for a loan of Rs. 13 lakhs for studies abroad.. However, as per the advise of Shri Barman please get in touch with all banks...

Raj Kumar Makkad (Expert) 21 March 2013
It depends upon a particular bank to decide whether it is ready to advance you loan in the given circumstances or not. As a matter of right, you can't claim.

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