Education and Career Forum

I have completed my B.Com and looking to get admission in MBA program. I haven’t taken any loan yet. I have search about education loan for me. I came to know that there is some collateral security scheme for getting education loan. I don’t know anything about this term. Can you please let me know about this security scheme of an education loan?

The Collateral Security is not the scheme, it is nothing, but you have to submit the security documents related to land, flat, etc., equivalent to bank loan amount for getting an education loan. You have to submit the collateral security documents to bank only if you want to get an education loan of above Rs. 7.5 lakhs.