Ask Experts - Any Question on Education Loan (FREE)

Yes, you can get an education loan for a diploma course in hotel management and catering technology. Most banks offer education loans for diploma courses as long as the institution is recognized. The loan will cover tuition fees, accommodation, and other related expenses. For loan amounts up to 7.5 lakhs, no collateral is required, but for larger loans, collateral may be necessary. You will need to provide proof of admission, a detailed fee structure, and co-applicant financial details. Compare banks for the best interest rates and terms.

Your eligibility for the NSET exam depends on the exam’s specific criteria, which can vary by year and state. While your 12th score is relatively low, some entrance exams may allow students with a lower percentage to appear, provided they meet other requirements. It’s best to check the latest eligibility criteria on the official NSET exam website or contact the exam authorities for clarification. Additionally, some institutions may offer preparatory programs to help improve your chances of qualifying.

Students can check the status of their loan approval via the bank’s online portal, mobile app, or by contacting their loan officer directly. Most banks provide updates via SMS or email once the loan is approved. If the loan is approved but you want the disbursement delayed by six months, you will need to inform the bank. In many cases, banks are flexible and can defer disbursement, provided you have communicated the situation in advance. However, interest may start accruing, so discuss all options with your bank.

Yes, you can apply for an education loan to continue your MBBS at Visayas University, Philippines. As long as you are enrolled in a recognized institution, banks will offer loans for continuing studies. You'll need to submit updated proof of enrollment, a fee breakdown, and co-applicant financial details. For loans above 7.5 lakhs, collateral may be required. It's a good idea to consult multiple banks to find the best loan terms.