#1  
28th September 2019, 04:45 PM
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Collateral Security available under education loan scheme of IndusInd Bank Limited for BTech aspirant?


Hello friends, I would like to know if I am going to apply for an education loan in IndusInd Bank Limited 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  
21st June 2022, 09:37 PM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 4,715
Default Re: Collateral Security available under education loan scheme of IndusInd Bank Limited for BTech aspirant?

Education loan security means any property, movable or immovable which is offered for securing a loan.
Collateral security is offered when the security value is lower and does not cover the loan amount.
For loans upto 4 lacs , no collateral security is required.
For loans above 7.5 lacs both collateral security as well as third party gurantee is required.
Do you have any question? or have anything to say?





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