Private College Student Loan

Howmuch security u should have to get education loan in india from bank ?

I want to get education loan for my yougest brother .he is doing engg. from chennai (Dr. Mgr engg. college) Any one pls guide me .

Public Comments

1. Upto Rs. 4 lacs No Security Above Rs. 4 lacs to Rs. 7.50 lacs Collateral security in the form of suitable third party guarantee. The bank may, at its discretion, in exceptional cases, weive third party guarantee if satisfied with the net-worth/means of parent/s who would be executing the documents as "joint borrower". Above Rs. 7.50 lacs. Tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.
2. Read: http://www.webindia123.com/career/educationloans/main.htm http://www.sbi.co.in/viewsection.jsp?id=0,1,20,118 http://www.apnaloan.com/education-loan-india/study_loan_guarantor.html