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#1
18th January 2019, 05:23 PM
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Details of Collateral Security under RBL Bank Ltd. Education Loan scheme?
Hello, I am interested to apply for an education loan in RBL Bank Ltd.. After searching alot I didn’t understand the term Collateral Security. Can I know about this Collateral Security of Education Loan in RBL Bank Ltd.?
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#2
22nd January 2019, 08:43 AM
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Re: Details of Collateral Security under RBL Bank Ltd. Education Loan scheme?
Details of collateral security under RBL Bank Ltd. Education Loan scheme are:-
—> Loan upto Rs. 7.5 lakhs:- No collateral security required. Parents/ guardian to be co-borrower. —> Loan above Rs. 7.5 lakhs:- Parents/ guardian to be co-borrower. Immovable tangible security equal to 100% of loan amount should be submitted to bank as Collateral security. |
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