education loan without coapplicant's collateral security

Question

I'm a professional, salaried person & wish to send my wife for higher studies abroad requiring 15lacs.Banks ask for collateral security but I'm having a plot which is alredy through finance scheme.No parental support. Tell me how can i get the loan?

Answer 1

If bank is asking for security, there is no other alternative. You can give your shares, mutual funds as security to them, if they agree. Otherwise, you can get loan against Gold or personal loan.

 

Check more at

http://www.investmentkit.com/articles/2012/03/details-of-loan-against-shares-debentures-from-sbi/

http://www.investmentkit.com/articles/2011/10/should-you-go-for-gold-loans/

Hope it will help you.

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