#1  
10th July 2018, 11:16 AM
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Collateral Security available under Education Loan scheme of Syndicate Bank?


Respected Sir/Madam, I would like to know that if I am going to apply an education loan in Syndicate Bank then what kind of collateral security is there in this Bank education loan? Actually, I am going to apply an education loan in this bank so I wanted to know about the collateral security




  #2  
12th July 2018, 10:07 AM
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Default Re: Collateral Security available under Education Loan scheme of Syndicate Bank?

Details of Collateral security that you need to submit to bank for processing your education loan application are mentioned below :-

--> For loans upto Rs. 4 lakhs :- No security.

--> For loans above Rs. 4 lakhs and below Rs. 7.5 lakhs :- Collateral security in the form of third-party guarantee. Parents to be joint-borrowers.

--> For loans above Rs. 7.5 lakhs :- Tangible Collateral security of value equal to loan amount acceptable to bank. Parents to be joint-borrowers.




  #3  
13th July 2018, 12:33 PM
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Default Re: Collateral Security available under Education Loan scheme of Syndicate Bank?

Quote:
Originally Posted by Unregistered View Post
Respected Sir/Madam, I would like to know that if I am going to apply an education loan in Syndicate Bank then what kind of collateral security is there in this Bank education loan? Actually, I am going to apply an education loan in this bank so I wanted to know about the collateral security

For education loans up to Rs 4 Lakhs in Syndicate Bank No security. Parent/s to be joint borrower/s

For education loans above Rs 4 Lakhs to up to Rs 7.5 Lakhs - Collateral in the form of suitable third party guarantee and Parent/s to be joint borrower/s

For education loans above Rs 7.50 Lakhs 100% Tangible Collateral security of suitable value acceptable to bank. Parent/s to be joint borrower/s

Students can find the details in the Syndicate Bank website link given Click Here




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