Education and Career Forum

Hello, I am interested to apply for an education loan in State Bank of Patiala for studying MBBS course. After searching alot I didn’t understand the term Collateral Security. Can I know about this Collateral Security of Education Loan in State Bank of Patiala?

Details of collateral security in State Bank of India (State Bank of Patiala) Education Loan for MBBS Aspirant are mentioned below :-

--> For loans above Rs. 7.5 lakhs :- Parents/ guardians as Co-borrowers and Tangible collateral security.

You should have secured admission to MBBS course in a recognised college/ university to be eligible to apply for an education loan in State Bank of India (State Bank of Patiala).