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#1
12th December 2018, 01:26 PM
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Securities against an Education Loan in Bank of Baroda to study MS in Abroad?
Hi Sir/Madam, I am in a need of education loan so that I can get admission and study MS in Abroad. I am going to apply an Education Loan in Bank of Baroda. So, kindly tell me what kind of securities they want to take for taking an education loan?
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#2
15th December 2018, 05:31 PM
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Re: Securities against an Education Loan in Bank of Baroda to study MS in Abroad?
Security against an Education loan in Bank of Baroda to study MS in Abroad are as follows:-
Loan amount upto Rs. 4 Lakhs - None Loan amount from Rs. 4 Lakhs to Rs. 7.5 Lakhs - 3rd party guarantee and assignment of future salaries towards loan repayment. Loan amount above Rs. 7.5 Lakhs - Tangible collateral as security that is equivalent to 100% of the loan amount. And assignment of future salaries towards loan repayment. |
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