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Posted On :- 01/04/2008
 
Question Asked :-  
 
sir i need education loan of 10 lakhs for my expenses and fee ...i am taking up a masters in dental surgery seat.....i dont have my own land as security but my friends father is ready to provide security for me as a third party guarantee....his land is located some 12 km from the city in a village......can i get a loan on tat basis and on his guarantee....and wat are the other things i require to get my loan sanctioned ,....please let me know the details of the same  
 
Answer :-  
 
Banks are unlikely to consider your friend's father income or collateral security to grant your loan unless he becomes a guardian. You can still try and appraoch banks. To read more on education loans, click on the link below: http://www.apnaloan.com/education-loan-india/primers.html  
 

Education loan query listing
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Qid Question
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