What kind of collaterals are accepted for MBA Education Loan? Can I get a Rs. 20 lakhs education loan without collateral?
Answer (1)
14th Feb, 2020
Usually, for loans up to Rs. 7.5 lakh, you may not need to give collateral or security, but for loans above that, you will have to. A collateral need not only be a residential property. Lenders accept fixed deposits, insurance policies, National Savings Certificate and even Kisan Vikas Patra as collateral.
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