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  #1  
25th September 2016, 02:40 PM
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What kind of security is demanded under Bank of India Education Loan scheme for B.Sc(Nautical Science) course?


I am Ganesh Pawar and I am interested in doing B.Sc in Nautical Science from SAMS Marine Institute. I just want to know if I apply for Education Loan from Bank of India then what kind of security they will demand?




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  #2  
27th September 2016, 02:03 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: What kind of security is demanded under Bank of India Education Loan scheme for B.Sc(Nautical Science) course?

The security demanded by the bank depends on the education loan amount which you are seeking. Collateral security is demanded for education loan above 7.5 lakhs. Usually, the security demands include :-

- Land
- Building/House
- Government Securities
- NSCs/KVP/LIP
- Public Sector Bonds
- Bank Term Deposits
- Vehicle
Do you have any question? or have anything to say?



« Processing period and repayment mode of Bank of India Education Loan scheme? | Eligibility and documentation to apply for an Education Loan in South Indian Bank for MGM-IHMCT admission? »

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