School / College Education in India Collateral security equal to the
amount of the loan consisting of any one or more then following.
A. Govt. Securities, Units of UTI, SBI Magnums,
NSCs, LIC Policy, Bank Deposits
of equivalent (value) or
B. Shares, Public Sector Bonds, Hypothecation of Motor Vehicle, Immovable
Property, after retaining 50% margin on their market value.
Technical / Professional higher studies in India and abroad :
party guarantee, supported by charge movable or immovable asset or value
equivalent to the loan amount of more. (Where both parents of the students
are earning, the guarantee of the non borrowing parent can be accepted as
collateral, with charge over the movable / immovable assets. Tie - up
Arrangement . Where tie - up arrangement is established, the security for
the loan would be reduced to 50% of the loan amount.