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12th February 2018, 02:30 AM
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List of items accepted for security of education loan? Possibility to get an education loan in security of my vintage car Ford 1950 model?


Hello sir, I want to take admission in degree course so, I need to apply for an education loan. Provide me the list of items accepted for security? Can I get education loan in the security of my vintage car Ford 1950 model? Awaiting for your answer.




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20th November 2022, 10:16 PM
Hera tabrez
Senior Member+++++
  
Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: List of items accepted for security of education loan? Possibility to get an education loan in security of my vintage car Ford 1950 model?

Collateral of suitable value is required for all education loans exceeding Rs 7.5 lacs

Tangible assets- House, Apartment, Bungalow, shop, non agricultural land , vehicle etc

Intangible assets- fixed deposit, life insurance, sticks etc.

You can take loan against your vehicle , provided it's of such value that is can be accepted against loan, otherwise bank may reject and you have to provide some other security.
 
Do you have any question? or have anything to say?

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Which bank provides an education loan in security of Car? Terms and conditions for it? 1 26th September 2017 11:34 PM
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Which bank can give an education loan in security of Ford 1950 model car? 1 31st March 2017 11:56 PM


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