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#1
10th February 2019, 07:40 PM
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Details of Collateral Security in State Bank of Mysore Education Loan scheme?
Hello, I am interested to apply for an education loan in State Bank of Mysore. After searching alot I didn’t understand the term Collateral Security. Can I know about this Collateral Security of Education Loan in State Bank of Mysore?
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#2
13th February 2019, 09:10 AM
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Re: Details of Collateral Security in State Bank of Mysore Education Loan scheme?
Details of collateral security under State Bank of Mysore Education Loan Scheme are mentioned below:-
—> Upto Rs. 7.5 lakhs:- Parent/ Guardian to be co-borrower. No collateral security required. —> Above Rs. 7.5 lakhs:- Parent/ Guardian to be co-borrower and tangible collateral security equal to loan amount. |
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