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#1
30th August 2019, 11:57 PM
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Whether LIC acceptable against Collateral Security under Kerala State Co-Operative Bank Ltd Education Loan Scheme for MCA(H) aspirant?
Hello everyone, I have a Life Insurance policy. I want to apply for an Education Loan from Kerala State Co-Operative Bank Ltd. I am interested to study MCA(H) with the help of an Education Loan. So, I would like to know that this bank avail an education loan with LIC policy as a collateral security?
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#2
17th January 2022, 09:52 PM
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Re: Whether LIC acceptable against Collateral Security under Kerala State Co-Operative Bank Ltd Education Loan Scheme for MCA(H) aspirant?
Yes lic policy is accepted against collateral security .
The surrender value of policy will be taken as final amount against which one can get the loan. Collateral of suitable value is required for all education loan exceeding Rs 7.5 lacs. Tangible assets like house, bungalow ,shop etc |
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