Education and Career Forum

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.

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.