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  • sir, i am doing m.b.b.s from india and i want to get a educational loan with out any gurantee, what is the procedure to get it?

    Asked by gopal singh on 8 April 2008 at 10:26 PM.

  • Answered by Studyplaces Counsellor Student Loan

    Most of the Public Sector Banks in India have categorized Student Loans in two categories. For Studies in India , Students can borrow up to Rs 4 lakh without providing any security or margin. A loan amount of Rs 4 lakhs to Rs 7.5 lakhs can be availed against a third-party guarantee. This loan comes with a five percent margin (what this means is that you will get five percent less the amount sanctioned as loan; you will have to put together the rest of the money). The third-party guarantee can come from an uncle, neighbor or friend standing guarantee for the full amount.

 

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Posted by Aditi on Wed Apr 9, 2008 04:01PM

hi if you need a loan below 4lacs you don't need any kind of guarantee. But a loan above 4 lacs will require guarantee. But you can still try. Just fill in the loan form and send it. I will personally look into it. http://credila.com/apply_for_loan.html

 


Posted by Riddhima Saini on Sat May 17, 2008 09:38PM

Why dont u try out http://www.credila.com u can even refer ur frnds to this program and get some kewl prozes!! http://www.credila.com/referral.html

 


 

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