#1  
24th December 2018, 03:37 PM
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Detailed information about Collateral Security in Kotak Mahindra Bank Education Loan scheme?


Sir, I have searched about education loan and heard about collateral security. I will do my MBA with student loan because there is no other option for me. But I am not familiar with the term of Collateral Security. What does this mean? Can you give me details? I would also like to know which Kotak Mahindra Bank haven’t terms and conditions like collateral security?




  #2  
29th December 2018, 12:02 PM
ppsahu
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Default Re: Detailed information about Collateral Security in Kotak Mahindra Bank Education Loan scheme?

For loan upto Rs. 4.00 Lakhs there is no security required. Above Rs. 4.00 Lakhs and upto Rs. 7.50 Lakhs, satisfactory third party guarantee is required. Above Rs. 7.50 Lakhs, collateral security equal to 100% of the loan amount is required.
Do you have any question? or have anything to say?



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