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Loan - BA Economics

  • Anonymous profile image
  • Anonymous Original poster
  • Preferred study destination: United Kingdom
I want to avail education loan in my name for my son to study BA Economics in UK/USA. Is it possible? If yes how should i go about this and can I claim IT benefits?

Replies (1)

  • Anonymous profile image
  • Anonymous Participant

Educational loans are easily available from all nationalized banks in India and banks generally look for the financial credibility of the sponsor of the student, normally the parents before they give out a bank loan. The maximum loans available are generally about 20 lakhs which can be availed for Tuition fees and living expenses. The banks also look to give loans only if the student gets admissions from a credible and recognized Universities in UK or USA. Approach a bank and seek guidance. Generally you can claim IT benefits for a certain portion and please check with a Chartered Accountant and seek guidance.

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