#1  
15th July 2019, 03:25 PM
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Collateral Security in United Bank of India Education Loan scheme for studying MS in Abroad?


Hello Sir/Madam, I am interested to apply for an education loan in United Bank of India for studying MS course in Abroad. After searching alot I didnít understood about Collateral Security. Can I know about this Collateral Security of Education Loan in United Bank of India?




  #2  
18th July 2019, 10:39 AM
ppsahu
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Default Re: Collateral Security in United Bank of India Education Loan scheme for studying MS in Abroad?

Collateral Security in United Bank of India Education Loan scheme for studying MS in Abroad;

Upto Rs. 7.5 lacs, only co-obligation of parents, no security and third party guarantee required.

Above Rs. 7.5 lacs - There is a requirement of co-obligation of parents together with tangible collateral security equal to the loan amount along with assignment of future income of student for payment of installments.

For details visit at;
https://www.unitedbankofindia.com/en...ationLoan.aspx




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