#1  
24th April 2018, 05:36 PM
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Details of Collateral Security in Vijaya Bank Education Loan scheme?


Respected Sir, I am interested to apply for an Education Loan in Vijaya Bank. After searching alot I didnít understand the term Collateral Security. Can I know about this Collateral Security of Education Loan in Vijaya Bank? Kindly tell me immediately.




  #2  
30th June 2018, 07:42 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Details of Collateral Security in Vijaya Bank Education Loan scheme?

Details of collateral security in Vijaya Bank Education Loan Scheme are mentioned below :-

--> Upto Rs. 4 lakhs :- No collateral security required.
--> Above Rs. 4 lakhs and upto Rs. 7.5 lakhs :- Collateral security in the form of suitable third-party guarantee is required.
--> Above Rs. 7.5 lakhs :- Tangible collateral security of suitable value acceptable to bank should be provided.
Do you have any question? or have anything to say?



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