Education and Career Forum

Hello Sir/Madam, I am interested to apply for an education loan in United Bank of India for studying MS course in Abroad. After searching alot I didn’t understood about Collateral Security. Can I know about this Collateral Security of Education Loan in United Bank of India?

Collateral Security in United Bank of India Education Loan scheme for studying MS in Abroad;

Upto Rs. 7.5 lacs, only co-obligation of parents, no security and third party guarantee required.

Above Rs. 7.5 lacs - There is a requirement of co-obligation of parents together with tangible collateral security equal to the loan amount along with assignment of future income of student for payment of installments.

For details visit at;
https://www.unitedbankofindia.com/en...ationLoan.aspx