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#1
28th September 2019, 04:45 PM
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Whether LIC acceptable against Collateral Security under IDFC Bank Limited education loan scheme for MCA(H) aspirant?
Hello everyone, I have a Life Insurance policy. I want to apply for an education loan from IDFC Bank Limited. I am interested to study MCA(H) with the help of an education loan. So, I would like to know that this bank avail an education loan with LIC policy as a collateral security?
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#2
22nd June 2022, 04:47 PM
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Re: Whether LIC acceptable against Collateral Security under IDFC Bank Limited education loan scheme for MCA(H) aspirant?
Yes LIC policy is acceptable as collateral security .
The LIC policy should be equal or more than the amount of loan sanctioned. Most banks accept the Insurance Regulatory and Development Authority of India approve life cover issued by any life insurer as collateral /additional security for obtaining a loan. |
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