Education and Career Forum

Dear Sir,
I am preparing for CAT to secure admission in any IIM. I am interested to do my Master's in any IIM. But I need an Education Loan to study because the fee expenses is huge in IIM and my family couldn't afford that much fee. So, I want to know that if I apply an Education Loan in Andhra Bank then what kind of securities are required? Kindly tell me about this asap.

To apply for an Education loan in Andhra Bank to study MBA course in IIM, you have to submit the security only if loan amount is greater than Rs. 7.5 lakhs. If the loan amount exceeds more than Rs. 7.5 lakhs, you need to submit Collateral Security documents such as lands, buildings, etc.,. The Collateral Security documents value should be equal to the loan amount offered by bank.