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  #1  
16th July 2017, 07:34 PM
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Chances to get an education loan from Bank of India worth rupees 10 lakh without any security? Necessary documents and interest rate for it?


Hello sir, I want to apply for an education loan of 10 lakh at Bank of India to study to study MBA course. Please tell me can I get it without any security? Necessary documents and interest rate for it?




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  #2  
18th July 2017, 02:20 PM
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Default Re: Chances to get an education loan from Bank of India worth rupees 10 lakh without any security? Necessary documents and interest rate for it?

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Originally Posted by Unregistered View Post
Hello sir, I want to apply for an education loan of 10 lakh at Bank of India to study to study MBA course. Please tell me can I get it without any security? Necessary documents and interest rate for it?

Sorry, it is not possible to get an education loan from Bank of India worth Rs 10 Lakh without any security. For a loan of Rs 10 Lakh, the applicant has to provide collateral security of suitable value along with assignment of future income of the student for payment of installments. Security can be a land or building or public sector bonds or NSC/KVP/Banks Term Deposit etc. in the name of the student or parent with suitable margin. Therefore, it is not possible to get an education loan of Rs 10 Lakh without any security in Bank of India. Bank of India education loan website link is Click Here
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