#1  
4th October 2021, 08:19 PM
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Who is considered a co-borrower in Axis Bank Education Loan scheme?


I want to study BTech with the help of an education loan. I want to apply an education loan in Axis Bank. I have heard about the education loan of this bank but don’t know about the co-borrower term. Can I know about the co-borrower?




  #2  
6th October 2021, 10:52 PM
Hera tabrez
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Location: Kanpur
Posts: 6,959
Default Re: Who is considered a co-borrower in Axis Bank Education Loan scheme?

Co_ borrower is a person who apuesta for loan.
Both co borrower and primary borrower are equally responsible for repayment of loan.
In education loan , their main role in a joint loan is to provide financial gurantee.
It's a duty of co borrower to repay if primary borrower fails to repay the loan.
Even the sum lent is based on income of borrower and co applicant.
Do you have any question? or have anything to say?



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