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28th October 2018, 08:54 PM
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Collateral Security in Shamrao Vitthal Co-operative Bank Education Loan scheme for study MBA in Abroad?


Hello, I am interested to apply for an education loan in Shamrao Vitthal Co-operative Bank for studying MBA course in Abroad. After searching alot I didn’t understood about Collateral Security. Can I know about this Collateral Security of Education Loan in Shamrao Vitthal Co-operative Bank?




  #2  
3rd November 2018, 03:57 PM
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Default Re: Collateral Security in Shamrao Vitthal Co-operative Bank Education Loan scheme for study MBA in Abroad?

Quote:
Originally Posted by Unregistered View Post
Hello, I am interested to apply for an education loan in Shamrao Vitthal Co-operative Bank for studying MBA course in Abroad. After searching alot I didn’t understood about Collateral Security. Can I know about this Collateral Security of Education Loan in Shamrao Vitthal Co-operative Bank?

Collateral Security in Shamrao Vitthal Co-operative Bank education loan scheme for studying MBA in abroad is given below:

>> One guarantor or 50% of the education loan amount in the form of the Surrender Value of LIC Policy and/or face value of NSC KVP as Collateral Security in the case of the loan sought is up to Rs 5 Lakhs. Real Estate equivalent to the education loan amount in case it is above Rs 5 Lakhs.

Students can find the details in the website link given Click Here
Do you have any question? or have anything to say?



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