Education and Career Forum

I have completed my 12th Science and looking to get admission in any Engineering institute for undergraduate BTech program. I haven’t taken any loan yet. I have searched about Bank education loan for me. I came to know that there is some collateral security term for getting loan. I don’t know about this term. Can you get me know about this security while getting an education loan?

Collateral Security Scheme of Allahabad Bank Education Loan for BTech aspirant are as follows;

Loan up to Rs. 4 lacs there is no collateral security, only co-obligation of parent/guardian is required.

Above Rs. 4 lacs – Depending on the Course / Institutes, security varies from third party guarantee, co-obligation of parents and full collateral security.

Detailed information is available at;
https://www.allahabadbank.in/edu_loan.aspx