Education and Career Forum

Hello everyone, I would like to know that if I am going to apply an education loan in Allahabad Bank then what kind of collateral security is there in this Bank education loan? Actually, I am going to apply an education loan in this bank so I wanted to know about the collateral security.

Collateral Security available under Education Loan scheme of Allahabad Bank are:

No collateral security required for loans up to 4 lacs.

Above Rs. 4 Lacs : (depending on the institution or university of admission as well as the loan amount) security varies from third party guarantee, co-obligation of parents, full tangible* collateral security is required.