- Anonymous Original poster
- 27 Nov 2017
- Reply
- Preferred qualification: Postgraduate | Preferred study destination: United States
I am going for F1 visa interview next week. The loan saction document mentioned my mother as additional co-borrower along with my father as co-borrower. Will that be a problem in visa interview
Replies (2)
- Anonymous Participant
Dear Surendra Rathore
Greetings from Hotcourses India !
we can assist you for your financial documents clariffication . But before suggesting you , could you please mail us your education loan letter , I20 , University offer letter along with your passport copy to our mail id va-counselors@idp.com .
So after checking with your documents ,we can provide you the right information.
For any further clariffication you can also contact us through 044-43995203/ Manju Prabakaran
Thanks and Regards
Manju Prabakaran
- Mh Techhd Participant
A co-borrower in a loan sanction document is an individual who is jointly responsible for repaying a loan along with the primary borrower. The co-borrower typically signs the loan documents and agrees to share in the responsibility of repaying the loan. Having a co-borrower can help the primary borrower qualify for a larger loan or a lower interest rate, as the lender considers the co-borrower's income and creditworthiness when evaluating the loan application. The co-borrower is also equally responsible for making the loan payments, and if the primary borrower is unable to make payments, the lender may pursue the co-borrower for repayment. https://gulfexpatsguide.com/ It's important to carefully consider the responsibilities and potential risks of being a co-borrower before agreeing to sign a loan document. It's also essential to ensure that both the primary borrower and the co-borrower fully understand the terms of the loan and their respective obligations before signing the document.