Education and Career Forum

Hello friends, I would like to know that if I am going to apply an education loan in Punjab National 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.

If you want to education loan up to Rs. 7.5 lacs from Punjab National Bank, then no tangible collateral security and/or third party guarantee will be required. Your parent/guardian will be the co-borrower.

Loan above Rs. 7.5 lacs, tangible collateral security equal to the loan amount will be accepted by the bank. Your parent/guardian will be the co-borrower.

More information;
https://www.pnbindia.in/education.html