Security
- Up to Rs. 4.00 lakhs-No security & Loan jointly granted to the parent/guardian and the student
- Above Rs. 4.00 lakh and upto Rs.7.50 lakh : Loan jointly granted to the parent/guardian and the student & Suitable third party guarantee of an individual with sufficient net worth in the form of immovable property. He should be earning sufficient income.
- Above Rs.7.50 lakh -Assignment of future income of student, Loan jointly granted to the parent/guardian and the student & Tangible collateral security to cover at least 100 % of the loan amount with stipulated margin for the type of security as detailed in the note below:
Security for Studies Abroad
Limit exceeds Rs.20.00 lakh, the collateral security (NA property) should be minimum 200% for the entire recommended limit.