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  #1  
25th September 2016, 02:41 PM
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What kind of security is demanded under South Indian Bank Education Loan scheme?


My brother want to pursue professional course in any institute in Mumbai after his 12th Commerce. And our financial condition are week. Can I know what kind of security is demanded in South Indian Bank under Education Loan scheme? Please tell me.




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  #2  
27th September 2016, 09:28 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: What kind of security is demanded under South Indian Bank Education Loan scheme?

Security is demanded by South Indian Bank when you seek education loan above 7.5 lakhs. For loan below 7.5 lakhs, there will not be requirement of any collateral security. The security which is demanded by the bank include -

- Building/House
- Land/Shop
- Vehicle
- Government Securities
- Public sector bonds
- Insurance and Term Deposits
- KVP/NSCs/LIP
Do you have any question? or have anything to say?



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