Can I get loan about 7 lakh for my engineering studies, marine?
Asked by Abdul Kareem on 26 June 2008 at 4:31 PM.
Answered by Science Counsellor
You can get a loan amount of Rs.4 Lakhs to Rs.7.5 Lakhs against a third-party guarantee. This loan comes with a five percent margin. The loan amount disbursed is 5 % lesser than the sanctioned amount. You need to arrange for the rest of the money. The third-party guarantee can come from any relation, neighbour or friend standing guarantee for the full amount. For more information regarding students loan, please click on link below: Education Loan.