RE:IIM's/IIT's fees hike
by Anupam Uppal on May 12, 2008 12:10 PM
go to a bank and ask for a loan...
some of the docs they will ask for is...
Gauranterwho can repay if u deafault(tough to find now days..) 5-10% margin money....50k to 100k.... IT returns.... MOrtgage of land/house if loan is above 7.5 lacs..... life insurance of the person of the amount of loan taken...premium cost 2-3%...add on 30k for 10 lac loan....
so banks are ready to finance but they are choosy as they see in case of any possibilty of client not able to repay the loan due to accident/non performance/expulsion from the insti...