Education and Career Forum

Hello Sir, I am a BTech graduate and I am already working from the last 4 years. I want to do MS in Abroad with the help of an education loan. I don’t know what security they demands to approve the education loan for such candidates who wants to study in Abroad?

Collateral of suitable value is required for all education loans exceeding Rs 7.5 lacs .
Tangible assets, house, apartment, bungalow shop, non agricultural land, vehicle.
Intangible assets fixed deposit, life insurance , stocks etc

It's only when the loan exceeds a specified amount as set by the bank , that collateral will be required as well as third party gurantee.
The security being attached to the loan can be tangible or intangible.