Education and Career Forum

Hello friends, I just got the information about the Synd Vidya Abroad Education Loan Scheme introduced by Syndicate 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 scheme.

Loan amount available for studying abroad is INR 20 lacs.
For loans above 4 lacs and upto 7.5 lacs, collateral security and third party gurantee both are required.
15% margin for loans above 4 lacs.

Repayment
In 5 to 7 years commencing 1 year after completion of course or 6 months after securing the job whichever is earlier.