I need education loan from a nationalized bank for an amount of 7.5 lacs. I need suggestion on how to go for it. My case is -
I am currently working in Delhi, will be leaving the job to gor a 2 year PGDM program
My father is a retired Government Servicemen, owns a house in Kanpur and resides there only
I have a brother in Delhi and earning good salary working in an MNC
My brother and I live in a rented house in Delhi
I am seeking for a loan without a collateral security of 7.5 lacs. My question is when I apply for education loan in my domicile place - Kanpur, am I eligible to get a loan? Am I eligible to apply for a loan in Delhi?
If I apply the loan in Kanpur, since my father has only pension as source of income, will I be allowed to get 7.5 lacs? How can I be allowed to have my brother in the loan co-applicant? Is that possible? Or will my father as co-applicant will suffice? Thanks in advance for ur urgent responses..