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Date : Mar 13, 2009

Question

Sir, I have got admission in FT ranked global B school but loan is requiredd which is nt easy task as my parents are retired and without their working i cannot get loan as gurrantor is required.I cannot put unnecessary burden on them. Is there any way out????

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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