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#1
26th May 2018, 03:27 AM
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Collateral Security available under Education Loan scheme of Federal Bank?
Hello everyone, I would like to know that if I am going to apply an education loan in Federal 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.
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#2
30th May 2018, 10:48 PM
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Re: Collateral Security available under Education Loan scheme of Federal Bank?
Details of security to be offered to get an education loan for different amounts from Federal Bank are mentioned below :-
--> Up to Rs 4 Lakhs :- No security is required. --> Above Rs. 4 lakhs and upto Rs. 7.5 lakhs :- Third party guarantee acceptable to bank. --> Above Rs 7.50 Lakhs :- Collateral security (acceptable to the bank) with stipulated margin is required. |
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