1 800 103 2581
- June 04, 2012
- Preferred qualification: Postgraduate | Preferred study destination: United States
Hi, banks have the following security/collateral security requirements for granting loans to students. However, the requirements differ from bank to bank.
Upto Rs. 4 Lakhs - No Security is required.
Above Rs. 4 Lakhs upto Rs. 7.50 Lakhs Suitable Third Party Guarantee is required.
Above Rs. 7.50 Lakhs and upto Rs. 20 Lakhs - 100% collateral in any of the form of Immovable property / NSC / Units of UTI / LIC policy / RBI Bonds or any transferable Government securities.
Hope this information will be helpful.