Can I take an Education Loan from Delhi of amount 15 Lacs without any Tangible Colletaral Security.?
Is there any Bank from Delhi which will provide my son an educational Loan of about 15 Lacs without any immovable properties as a security.
I need this because my son wants to persue Pilot course. I am a Government Servent in a good Post. So if anone has any Idea then PLEASE answere my question.
Yes, Education Loans are given without collateral, which is why they re so hard to obtain in the first place. But a bank will grant them only if it is an approved course, which means if he is planning to train for his his pilot’s license in India, the institute/flying club has to be approved by the Director-General of Civil Aviation. Get in touch with the Branch Manager of the nearest branch of the State Bank of India in the area where you reside.
