Interested to Buy Any Domain ? << Click Here >> for more details...
I have taken an Education Loan of Rs.4.00 lacs from a
Nationalised Bank for Higher of my son during last year,
Now I again want an Education Loan for my daughter for
Rs.3.00 lacs from the same Bank. Now Bank is asking for
additional security By way of guarantee or mortgage of
House.Please tell me whether it is necessary to give
guarantee or collateral security for taking Education loan
for my second child?
- 4 Answers
- 6772 Views
- I also Faced
- E-Mail Answers
Answer Posted / kartik sharma
it may or may not be neccessary to give new security ...
if the old securities that has been given covers the
additional loan then you need not to give new securities
but it does not cover in that case you have to provide with
the additional securities
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
reasons for popularity of consumer credit in india
What Is a Mutual Fund?
What are the advantages of equity shares to following parties?
What do you mean by term 'casa' related to bank?
What is 'banking cash transaction tax (bctt)'?
What Is Alternative Minimum Tax (amt)?
Explain what is actuarial report?
Who are venture capitalists?
What is Banking Ombudsman Scheme?
If there is some mistake in my resume, how can I rectify it?
What are the different methods of valuation and what are their pros and cons?
WHY RISK MANAGEMENT/GENERAL INSURANCE/LIFE INSURANCE?
what is the default configuration Tally ERP 9 provides for Balance Sheet?
What is BPL?
Tell some of the projects you did in the past?
