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  #1  
7th December 2019, 03:30 PM
Kolilalli
 
Join Date: Dec 2019
Posts: 1

Possibility to get loan with collateral of my academic degrees?


Hi, I want bank loan to start a new business however, I do not have anything to submit as a collateral security for the loan amount. I have completed my B.Tech. So, is it possible to submit all my original degree certificates as a collateral? Any banks accepting this?



  #2  
23rd April 2022, 12:59 AM
Hera tabrez
Senior Member+++++
  
Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Possibility to get loan with collateral of my academic degrees?

There is no such loan provided on degrees.

Those who take loan from banks , they have to provide collateral security as well as third party gurantee on loans above 7.5 lacs.

Banks do consider the financial stability of applicant before granting loan
Do you have any question? or have anything to say?



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