Education and Career Forum

I am in a need of education loan so that I can get admission and study MS in Abroad. I am going to apply an Education Loan in Indian Overseas Bank. So, kindly tell me what kind of securities they want to take for taking an education loan?

What kind of securities is required for Education Loan from Indian Overseas Bank to study MS Abroad.

• There is no education loan 4 lakhs.

• Students who took loan of amount 4 lakhs to 7.5 lakhs then you will have to provide third party guarantee to the bank.

The securities are required for Education Loan from Indian Overseas Bank to study MS Abroad:-

1. Immovable assets - These can be real estate assets such as a land, house, flat, etc.
2. Intangible assets - These are liquid securities such as fixed deposits, mutual funds, ULIPs, Life Insurance policies, Government Bonds, etc.

The candidate should be an Indian to apply for a loan in Indian Overseas Bank to study abroad.