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#1
24th April 2018, 04:39 PM
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Collateral Security available under Education Loan scheme of CBI?
Hello everyone, I would like to know that if I am going to apply an education loan in Central Bank of India 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.
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#2
6th June 2018, 09:15 AM
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Re: Collateral Security available under Education Loan scheme of CBI?
Details of collateral security under Education Loan Scheme of CBI are my below :-
--> Upto Rs. 4 lakhs :- No security. --> Above Rs. 4 lakhs and upto Rs. 7.5 lakhs :- Collateral security in the form of suitable third party guarantee will be taken along with the assignment of future income of the student for payment of installments. --> Above Rs.7.5 lakhs :- Collateral security documents equipment to loan amount should be submitted to bank. |
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