Education and Career Forum

I want to study MBBS course with the help of an education loan. I want to apply for an education loan in Lakshmi Vilas Bank Limited. I have heard about the education loan of this bank but don’t know about the co-borrower term. Can I know what is co-borrower under this bank education loan?

Co borrower means that he/she is only party to whom banks will switch if the loan applicant fails to repay the education loan on time.
Co applicant are referred to differently by various lenders.

In education loan, co borrower is a financial co applicant who has blood relationship with the applicant , they can be
First cousin
Siblings
Parental uncle or aunt
Maternal uncle or aunt etc