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YOUR QUERIES: LOANS: Collateral-free education loan up to Rs 7.5 lakh is available
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By Chaitali Dutta
I want to apply for an education loan for my daughter. Do I have to give collateral for a loan of Rs 15 lakh?—Anuradha Biswal Collateral-free education loans are usually restricted to Rs 4-7.5 lakh. Any loan above these amounts will attract security which could be by way of a pledge of financial assets or real estate.
I had applied for a home loan with a private bank. After six months, it has rejected my application mentioning inadequate income. I have a lot of cash income. Now
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