#1
1st January 2019, 05:35 PM
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Securities against an Education Loan in Karur Vysya Bank to study MBA?
I am in a need of education loan so that I can get admission and study MBA. I am going to apply an Education Loan in Karur Vysya Bank. So, kindly tell me what kind of securities they want to take for taking an education loan?
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#2
5th January 2019, 09:32 PM
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Securities against an Education Loan in Karur Vysya Bank to study MBA are as follows.
Loan amount up to Rs. 4 Lacs: No security required and your parents will sign as co applicants. Loan amount above Rs. 4 lacs and up to Rs. 7.50 lacs: Your parent(s) will sign as co applicant(s) and a third party guarantee is to be required as collateral security. Loan amount above Rs. 7.50 lacs: Parents will join as co applicants and tangible collateral security of relevant value subject to assignment of student’s future income from employment as loan security is required. |
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