Education and Career Forum

Hello friends, I would like to know that if I am going to apply an education loan in Union Bank for studying MBA, 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.

Collateral security needs to be submitted to bank when you take an education loan of more than Rs. 7.5 lakhs. You have to submit the tangible collateral security documents equal to bank loan amount and interest accumulation during course period and moratorium period. No collateral security is required for loans up to Rs. 7.5 lakhs.