#1  
18th January 2019, 04:23 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.?




  #2  
22nd January 2019, 07:43 AM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default 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.
Do you have any question? or have anything to say?



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