What surety is required to get the education loans? | Margin money for Education loan

July 31st, 2010| Education.

What surety is required to get the education loans? | Margin money for Education loan

The surety option is also made easy and the parent’s surety is enough up to an amount of 4 lakhs. They should have parent’s surety, collateral security and third party guaranty for the amount between four lakhs to seven lakhs fifty thousand. If the amount crosses this limit, then they should submit parent’s surety and the property documents for the amount taken. The assignment sheet should be submitted if the student is going to pay the loan.

Margin money for Education loan

The students should consider the margin money factor and they should show 5% margin money for the loan amount of Rs.400000. for the foreign courses, they should show 15% margin.

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