Education and Career Forum

Hello everyone, I have a Life Insurance policy. I want to apply for an Education Loan from Dhanlaxmi Bank. I am interested to study MCA(H) with the help of an Education Loan. So, I would like to know that this bank avail an education loan with LIC policy as a collateral security?

Yes, LIC Policy is acceptable against Collateral Security under Dhanlaxmi Bank Education Loan Scheme for MCA(H) aspirant. For loan amount up to Rs. 4 lakhs there is no security required.
Above Rs. 4 lakhs, there is collateral security required such as approved shares / insurance policies with surrender value, national savings certificates, IVP, Bank deposits, building. Collateral security should be equal to loan amount.

For details;
https://www.dhanbank.com/personal/education_loans.aspx