Education and Career Forum

Hi Sir/Madam, I just got the information about the IBA Model Skill Loan Scheme introduced by Dena Bank. Can I know what security they want to give the loan under this scheme? Kindly let me know about the security immediately.

Details of security under Dena Bank IBA Model Skill Loan Scheme are mentioned below:-

—> No security or third-party guarantee is required.

—> Parents/ guardians needs to be co-borrowers.

—> Loan under this Scheme will be covered under Credit Guarantee Scheme managed & operated by National Credit Guarantee Trust Company Ltd (NCGTC).

Details of Security under Dena Bank IBA Model Skill Loan Scheme:

There is no security or third party guarantee required under Dena Bank IBA Model Skill Loan Scheme. All the loans under this scheme covers under Credit Guaranteed Scheme managed and operated by National Credit Guarantee Trust Company Limited.
The guarantee fee at the rate of 0.50 % of the outstanding amount are paid by the bank.

For details, visit:
https://www.denabank.com/viewsection...&id=0,4,26,476