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  #1  
5th April 2018, 02:30 PM
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Security against an Education Loan in Oriental Bank of Commerce?


Respected Sir, I want to apply an education loan in Oriental Bank of Commerce for doing my BDS course. I would like to know about the security available for applying in this education loan. Please help me to know about this. Thank you!




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  #2  
7th May 2018, 09:55 AM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Security against an Education Loan in Oriental Bank of Commerce?

Security against an education loan in Oriental Bank of Commerce are mentioned below :-

--> Upto Rs. 4 lakhs :- Parents to be Co-borrowers
--> Above Rs. 4 lakhs and Less than Rs. 7.50 lakhs :- Satisfactory third-party guarantee should be provided and parents to be Co-borrowers
--> Above Rs. 7.5 lakhs :- Collateral Security documents equal to bank loan amount.
Do you have any question? or have anything to say?



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