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Date : 10 Mar, 2009 Question i want education loan for abroad.I got admission in NewZealand.And i need 6 lakhs.My father is an Executive Engineer in Thermal Power Station. Answer
You need to have a guarantor for the education loan to be sanctioned. If you fail or are incapable of repaying the student loan, the guarantor will have to clear the debt. Usually, most banks require the guarantor to have a net worth and/ or annual income equivalent or more than the education loan amount. For more |
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