Education and Career Forum

Hello, I am interested to apply for an education loan in IndusInd Bank for studying BTech course in Abroad. After searching alot I didn’t understood about Collateral Security. Can I know about this Collateral Security of Education Loan in IndusInd Bank?

You do not need to give anything as Collateral Security to Indusland Bank for Education Loan to study BTech abroad. Since the bank does not ask for third party guarantee or collaterals for this loan.

Visit the website www.indusind.com for more information.

Collateral Security to Indusland Bank for Education Loan to study BTech abroad.

Security Needed:

The bank does not ask for a third-party guarantee or collateral for this loan.

Eligibility

The applicant must be an Indian national.
Salaried professionals applying for this loan should be at least 21 years of age and completed at least 2 years in employment with a minimum of 1 year in the current organisation.

Collateral of suitable value is required for all education loans exceeding Rs. 7.5 Lakh. Tangible Assets – House, Apartment, Bungalow, Shop, Non-agricultural Land, Vehicle, etc. Intangible Assets – Fixed Deposit, Life Insurance, Stocks, etc