48 Views

Hello Respected authority, can you please tell me about Bank guarantee in private college state quota? & after bank guarantee giving to college will we have to pay money college per annum or from the bank college will deduct money? please please give me answer 🙏🏼🙏🏼


Sumana Das 7th Feb, 2022
Answer (1)
Anurag Khanna 8th Feb, 2022

Hello Aspirant,

See if you are taking an education loan from any bank then you will not have to pay any fee to the college, bank will pay all the fee or whatever the amount would be sanctioned by the bank for your education loan.

What happens is whenever college has to take fee they will provide you a fee request letter and you have to submit that letter and a request letter written by you to the bank responsible for your education loan and then they will disburse the amount in the account of college.

Re-payment of that college loan is to be done by the candidate himself/herself after 1-1.5 years of completion of degree program.

I hope this information helps you.

Good Luck!!

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships | Application Deadline: 30th Nov'24
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities In QS Asia Rankings 2025 | Scholarships worth 210 CR
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books