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26th July 2018, 04:10 PM
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Details of Collateral Security in HDFC Bank Education Loan scheme?


Hello, I am interested to apply for an education loan in HDFC Bank. After searching alot I didn’t understand the term Collateral Security. Can I know about this Collateral Security of Education Loan in HDFC Bank?





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  #2  
31st July 2018, 01:50 PM
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Default Re: Details of Collateral Security in HDFC Bank Education Loan scheme?

Quote:
Originally Posted by Unregistered View Post
Hello, I am interested to apply for an education loan in HDFC Bank. After searching alot I didn’t understand the term Collateral Security. Can I know about this Collateral Security of Education Loan in HDFC Bank?

Details of Collateral Security in HDFC Bank Education Loan scheme are given below:

>> For education loan of up to Rs 4 Lakhs – No Security. Parents to be joint borrower(s)

>> For education loan above Rs 7.5 Lakhs – Tangible Collateral security of suitable value acceptable to bank along with parents to be joint borrower(s)

>> Approved Collateral securities include residential property, HDFC Bank Fixed Deposit, LIC, NSC or KVP Policy

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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