28th July 2018, 02:10 PM
Posts: n/a

Who is co-borrower in ICICI Bank Education Loan scheme?

I want to study BDS with the help of an education loan. I want to apply an education loan in ICICI Bank. I have heard about the education loan of this bank but donít know about the co-borrower term. Can I know about the co-borrower?

3rd August 2018, 09:03 PM
Senior Member+++++
Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Who is co-borrower in ICICI Bank Education Loan scheme?

Co-borrower is required for education loan, because of security purpose. In case, you default, the co-borrower will be responsible to pay the EMI.

Any blood relative, specially parents can become your co-borrower for you. Just make sure the person is earning well.
Do you have any question? or have anything to say?

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