Legal Question in Education Law in India
both my parents are govt teachers... we bought a flat recently worth rs. 35 lac by taking a loan.... now i wanna go for further studies for MBA which costs 16 lac... will any bank be ready to give loan in this situation? do i hav any benefits as a student.... pls tell me about student loan..... pls respond at the earlist
Asked on 7/26/13, 11:35 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
27.07.2013
Dear Sir / Madam,
Parents have taken a housing loan based on their own personal credentials, earning capacity, tenure of service and other factors, that has nothing to do with your education pursuits. You can apply for a educational loan in your individual name with concessional rate of interest and with 5 year repayment period from a co-operative or scheduled bank in your locality.
Regards,
Answered on 7/26/13, 11:46 pm
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