Education and Career Forum

Sir, I am getting admission in B.Tech course and trying to get Bank Education Loan. I am getting admission under Management quota. I have a Savings Account in Allahabad Bank. I want to know about the securities which is required to submit in Allahabad Bank for getting an Education Loan? Kindly tell me asap.

Securities required to apply for an Education loan in Allahabad to get admission under Management quota are mentioned below :-

--> The loan documents should be executed jointly by you and your parents/ guardian as a joint-borrower.
--> For loan amount Up to Rs.4 Lacs, no collateral security is required.
--> For loan amount above Rs.4 Lacs security will be from third party guarantee, co-obligation of parents and collateral security documents equal to bank loan amount.