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#1
15th September 2017, 10:14 PM
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Which bank provides an education loan in security of Car? Terms and conditions for it?
I have new Duster car worth rupees 7.5 lakh. I want to know is there any bank providing education loan in security of car's papers? Terms and condition for it?
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#2
26th September 2017, 11:34 PM
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Re: Which bank provides an education loan in security of Car? Terms and conditions for it?
It depends on the bank and each bank have their own criteria for collateral security. Most of the banks only consider immovable property for collateral. Anything like car is normally not considered.
You can contact the nearest bank branch for more information on it. They will ask you to apply on an application form and submit it with all the documents related to admission, identity, address proof, etc. |
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