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#1
13th July 2019, 11:28 PM
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What is co-borrower in RBL Bank Education Loan scheme for Diploma Engineering aspirant?
I want to study Diploma Engineering course with the help of an education loan. I want to apply for an education loan in RBL Bank. I have heard about the education loan of this bank but don’t know about the co-borrower term. Can I know about the co-borrower?
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#2
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Re: What is co-borrower in RBL Bank Education Loan scheme for Diploma Engineering aspirant?
Co applicant or Co-borrower is a person to whom the financial institution will turn if the loan applicant fails to repay education loan due to any unforeseen circumstances.
Co applicant is often referred to as Co-borrower or a co-signer. Only parents can become co- applicant in an education loan in India. |
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