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#1
17th August 2022, 09:04 PM
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Details of Collateral Security in Union Bank of Baroda Education Loan scheme?
Hello friends, I am interested to apply for an education loan in Union Bank of India. After searching alot I didn’t understand the term Collateral Security. Can I know about this Collateral Security of Education Loan in Union Bank of Baroda?
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#2
18th August 2022, 12:52 AM
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Re: Details of Collateral Security in Union Bank of Baroda Education Loan scheme?
No security is required for loan upto 4 lacs.
For loans above 4 lacs, personal gurantee is required from a person whose income and repayment capacity is acceptable to the lender. Tangible assets such as House, apartment, bungalow , shop , non agricultural land, vehicle etc is accepted. Non tangible assets such as fixed deposit, life insurance, stocks etc is accepted. |
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