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  #1  
21st April 2017, 11:09 AM
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Difference between secured and unsecured education loan? How much amount I can get in both cases?


Hello sir, I have passed 12th with PCB group and want to study a degree course. Please tell me basic difference between secured and unsecured education loan? How much amount I can get in both cases?




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  #2  
23rd April 2017, 09:02 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Difference between secured and unsecured education loan? How much amount I can get in both cases?

The difference between Secured and unsecured education loan is that the secured loan will be offered only if you provide security to bank whereas unsecured loan will be offered without providing any security to bank. You can get maximum of Rs. 4 lakhs unsecured education loan and maximum of Rs. 10 lakhs in case of secured education loan. To apply for an education loan, you should have to submit documents like Income Proof, Address Proof, Identity Proof, Academic Certificates, etc., for further processing of your education loan.
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