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#1
25th April 2022, 02:40 AM
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Collateral Security available under Education Loan scheme of Oriental Bank of Commerce for BTech aspirant?
Hello friends, I would like to know that if I am going to apply an education loan in Oriental Bank of Commerce 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.
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#2
26th April 2022, 10:03 PM
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Re: Collateral Security available under Education Loan scheme of Oriental Bank of Commerce for BTech aspirant?
Collateral of suitable value us required for all education loans exceeding Rs 7.5 lacs .
Tangible asset- house, apartment, bungalow, shop, non agricultural land, vehicle etc Intangible assets- fixed deposit, life insurance, stocks etc |
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#3
30th April 2022, 04:07 PM
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Re: Collateral Security available under Education Loan scheme of Oriental Bank of Commerce for BTech aspirant?
Loan Security:-
Up to 4 lacs - No security required. From INR 4 to 7.5 Lacs - Collateral security in form of third party guarantee. Above INR 7.5 Lacs- Tangible collateral security equal to 100% of the loan amount. |
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