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#1
14th April 2018, 09:07 PM
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Detailed information about Collateral Security Scheme of UCO Bank Education Loan?
I have completed my 12th Science and looking to get admission in any BTech institute for undergraduate program. I haven’t taken any loan yet. I have search about student loan for me. I have an account in UCO Bank and I came to know that there is some collateral security term for getting loan. I don’t know about this term. Can you get me know about this security while getting education loan?
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#2
11th May 2018, 10:19 AM
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Re: Detailed information about Collateral Security Scheme of UCO Bank Education Loan?
Detailed information regarding collateral security required for education loan of UCO Bank are mentioned below :-
--> For loans upto Rs. 7.5 lakhs :- 1. Co-obligation of Parents 2. No security or third-party guarantee --> For loans above Rs. 7.5 lakhs :- 1. Co-obligation of Parents 2. Tangible collateral security equivalent to loan amount. |
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