Education loan trouble ..help guys !!

[khurana]

i have also got offer letter of GLOBAL BUSINESS MANAGEMENT IN HUMBER COLLEGE but still m thinking to go for it as i have done my graduation in computer BCA and 10+2 in non medical and now m scraed as it is relevant to my studies or not?

@ neeraj wots ur qualifications? previous??

 

[neeraj1985]

i have also got offer letter of GLOBAL BUSINESS MANAGEMENT IN HUMBER COLLEGE but still m thinking to go for it as i have done my graduation in computer BCA and 10+2 in non medical and now m scraed as it is relevant to my studies or not?

@ neeraj wots ur qualifications? previous??

I have got a B.A (Honors) Economics and work experience with American Express of over three and a half years. Also, the IELTS Score of 8.

 

[khurana]

means u have study gap right???

have u applied under SPP?
in SPP they said no more than 1 year gap in studies then wot u wil do? r u sure if we will fill up our gap with work experience then they will not refuse??

 

[neeraj1985]

No study gap. After I completed graduation, I have worked with two companies before AmEx, it was NIIT SmartServe ....for 9 months...so now gap for me...!!

 

[khurana]

do the banks ask for ITR's also to sanction loan if onw will take loan against FD also???

why?
please reply.
any bank who does not need ITR or any other docs in spite of id proofs n all please suggest

 

[meetprasoondas]

Dear Brother

Latest Indian Bank's Association ( IBA) circular dated 30th Aug 2011 on "Modification to the IBA Model Educatioal Loan Scheme (ELS) for Pursuing Higher Education in India & Abroad" clearly makes a distinction between Diploma & PG Diploma course and clarifies that the PG Diploma courses are eligible for availing educational loan for studies abroad. Understand that few of Banks have already implemented the changes to the ELS scheme accordingly.

Relevant Citation in FAQs to Latest ELS (Page 3 under Q.13)

Q13. What are the eligibility requirements in respect of Diploma / PG Diploma course for financing under studies abroad?
A. Only degree / post graduation diploma courses pursued abroad are eligible for sanction of loan under the IBA scheme.

Relevant Citation in the Latest ELS Guidance Note (Page 3 under Section IV. ii. Courses eligible)

"b. Studies Abroad
Diploma courses and certificate courses have not been included as eligible courses for the scheme. Post graduate studies leading to PG degrees and PG diplomas offered by reputed institutes/universities only will be covered by the scheme. Assessment of employment potential or future prospects is very important criterion considering the higher cost of studies involved. The web link given in the scheme is for guidance and there could be other links/sources giving such useful information."


Please find relevant circular of the latest IBA ELS details which is already published in "iba.org.in" under Latest News/Events

1. Circular dated 30-Aug-2011
2. Latest Model ELS
3. Guidance Note to the Latest ELS
4. FAQs to Latest ELS

Request you to confirm me if there is any disconnect in my submission of facts

Hence request you all to take in writing any rejection from the banks.