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#1
29th January 2019, 02:37 AM
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Securities against an Education Loan in Karur Vysya Bank to study MBA in Abroad?
I am in a need of education loan so that I can get admission and study MBA in Abroad. I am going to apply an Education Loan in Karur Vysya Bank. So, kindly tell me what kind of securities they want to take for taking an education loan?
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#2
9th February 2019, 06:55 PM
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Re: Securities against an Education Loan in Karur Vysya Bank to study MBA in Abroad?
Securities against an education loan in Karur Vysya Bank to study MBA course in Abroad are :-
—> For loans upto Rs. 4 lakhs :- Parents to be co-borrowers & No security. —> For loans above Rs. 4 lakhs and Upto Rs. 7.5 lakhs :- Parents to be co-borrowers and tangible collateral security in the form of third-party guarantee. —> For loans above Rs. 7.5 lakhs :- Parents to be co-borrowers and tangible collateral security equal to loan amount should be provided to bank. |
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