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18th March 2018, 01:35 AM
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Details of Collateral Security in UCO Bank Education Loan scheme?


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




  #2  
19th September 2022, 03:17 PM
Hera tabrez
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Location: Kanpur
Posts: 5,776
Default Re: Details of Collateral Security in UCO Bank Education Loan scheme?

No collateral security is required for loans upto INR 7.5 lacs.
For loans above 7.5 lacs , tangible collateral security is required.

Loans are offered in both secured and unsecured variants .
Collateral can be in the form of insurance policy in favour of bank.

Types of collateral
Cash collateral
Investment collateral
Blanket lien collateral
Invoices collateral
Real Estate collateral
Do you have any question? or have anything to say?



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