Collateral Security available under Education Loan scheme of Federal Bank for BTech aspirant?

#1 18th October 2018, 03:57 AM

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

#2 12th November 2018, 07:08 AM

Collateral Security available under Education Loan scheme of Federal Bank for BTech aspirant are:

No collateral security required loans upto Rs 4 Lakhs.

For loans above Rs. 4 Lakhs and upto 7.50 Lakhs, Bank accepts third party guarantee and collateral security.

Loans above Rs 7.50 Lakhs, collateral security with stipulated margin is required.

You can get more details on official website i.e. https://www.federalbank.co.in/specia...oan#undefined1

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Collateral Security available under Education Loan scheme of Federal Bank for BTech aspirant?

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