#1
17th June 2019, 01:01 PM
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Security against an Education Loan of Rs. 16 Lacs in HDFC Bank for studying MS in Russia?
I want to join MS course in Russia. I came to know that it will cost Rs. 16 Lacs there for this course. If I want to apply for this course in Russia with education loan then what HDFC Bank want to take in security for giving loan of Rs. 16 Lacs?
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#2
19th June 2019, 08:39 PM
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To get an Education Loan above Rs. 7.5 Lacs in HDFC Bank for studying MS in Russia, you would be required a collateral security. Collateral may in the form of Land properties/ Bank Fixed Deposit / LIC / NSC / KVP policy etc.
for loans up to Rs. 4 lakhs, there is no collateral security required. For Loan between Rs. 4 lakhs to Rs. 7.5 lakh no collateral but a third party guarantee is required. |
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