Reg: Education loan to study in abroad

3 years ago

I am education consultants helping students to get admission in abroad universities across the globe. recently two of my students got admission in the university which ranks in worlds top 250 universities. They tried for bank loan, they don't have collateral and co-applicants (as their parents were on daily wage and illiterate). They got some scholarship as well. the total fee comes around 16 lakhs after scholarship and living expenses comes around 10 lacs. Bankers are refusing to provide loan. What is the possibility to help them achieving the dream of studying abroad?

Previous Question

Next Question

Mradul Bhatnagar

Responded 3 years ago

A.I dont think that there is any solution other than the education loan to this..but if the students are meritorious you can start fund ra8sing with the help of a good ngo.....

Helpful

Swapan Mukherjee

Responded 3 years ago

A.Hi,
You can write a letter to the Honourable Prime Minister Mr Narendra Damodar Modi and also to the Finance Minister, Honourable Miss Nirmala Sitharaman and Tata, Mahendra and other philanthropic organisations for seeking help.

Helpful

NITHYANANDAN SUNDARESAN

Responded 3 years ago

A.Dear client, banks always ask for a collateral security if else it is better to drop instead of studying abroad the candidate can also study in India itself but he should work hard, patience he will success and India is one world happyiest country in world. India is always India - Jai Hind. Regards NITHYANANDAN.S

Helpful

Read Related Answers

Bank ke dwara 13 2 ka jawab nahi Dena

Dear Client, According to Section 13(2) of SARFAESI Act, the borrower is required to repay the outstanding dues within 60 days from the date of the notice. If the borrower fails to comply with the not...

Money in account is put on hold by cyber cell

Dear Client, When a cyber complaint is field on National Cyber Crime Reporting Portal (NCCRP) or in case of any police complaint, the Cyber Crime Cell directs the concerned bank to freeze the accounts...

Online job fraud

Dear Client, Please register a complaint with cyber security for online fraud and scam. Complaints can be reported through helpline number 1930 or on National Cybercrime Reporting Portal. Or you can a...

Loan

Dear Client, A co-applicant/borrower is equally liable for repayment of the debt if the principal Borrower fails to repay it and if after exercising all the steps for recovery of debt against the Bor...

Compassionate appointment

Dear Client, The SBI rules can not be breached. it could be the policy of the bank to not hire anyone. Please check with the rules and guidelines for heiring employees

Read Blogs on Banking

Income Tax Act Explained

Relationship between banker and customer in banking law

Banking Frauds and Banking Law in India: Legal spectrum

Demystifying India's Banking Regulation Act: A Crucial Pillar of Financial Governance

Unveiling the Crucial Role of Lawyers in Financial Banking

Banking Lawyers

Kolkata

Bangalore

Mumbai suburban

Prabhakara S K Shetty

Bangalore

View Full Profile

Arvind Tripathi

Allahabad

View Full Profile

Type of Consultation	Fees
Phone Consultation	₹	Not Yet Updated
Meeting Consultation	₹	Not Yet Updated
Email Consultation	₹	Not Yet Updated
Video Conference	₹	Not Yet Updated
Request for quotation from the Lawyer.