#1
4th October 2021, 08:19 PM
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Who is considered a co-borrower in Axis Bank Education Loan scheme?
I want to study BTech with the help of an education loan. I want to apply an education loan in Axis Bank. I have heard about the education loan of this bank but don’t know about the co-borrower term. Can I know about the co-borrower?
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#2
6th October 2021, 10:52 PM
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Re: Who is considered a co-borrower in Axis Bank Education Loan scheme?
Co_ borrower is a person who apuesta for loan.
Both co borrower and primary borrower are equally responsible for repayment of loan. In education loan , their main role in a joint loan is to provide financial gurantee. It's a duty of co borrower to repay if primary borrower fails to repay the loan. Even the sum lent is based on income of borrower and co applicant. |
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