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#1
21st October 2018, 02:04 PM
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What is co-borrower in Kotak Mahindra Bank Education Loan scheme for MBA aspirant?
I want to study MBA with the help of an education loan. I want to apply an education loan in Kotak Mahindra 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
25th October 2018, 04:33 PM
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Re: What is co-borrower in Kotak Mahindra Bank Education Loan scheme for MBA aspirant?
Co-borrower or co-applicant or guarantor, are all same terms, if you are looking for a education loan or any kind of loan. Banks need a person, specially a blood relative, who can give security to the education loan.
Mostly, parents or guardian can become a co-borrower for you. The only condition is, that the person should have a decent income and in some cases, they even need to provide collateral security. |
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