Education and Career Forum

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?

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