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In educational loans, is there any need for collateral security?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

In educational loans, is there any need for collateral security?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Subsequently, in the event that you are likewise soaked in heaps of troublesome advances, find out about obligation solidification advances and choose if they suit you well.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Yes, there is a need for collateral security if you apply for an education loan specifically in a commercial bank! You need a plethora of documents, including your college details, certificates, etc. to get the approval. But, if you do not have a collateral to pledge, you can go for unsecured loans and get instant cash for covering your educational expenses. Check these few simple steps to get a personal loan without pledging any collateral:

  • Try getting a loan from the NBFC that you find the best for availing unsecured loans in India. You can explore your options with the personal loan mobile applications. 

  • You will need a PAN card and Aadhar card as the major documents needed for the purpose. Download the app and provide the required details to register yourself as an interested borrower.

  • You will need to offer your contact details, name and address, and employment status, etc. Be accurate with this information and cross-verify every detail before making the application for unsecured loans.

If you need instant cash, I recommend you to download Navi, one of the best collateral free loan apps available. I got the loan approval in just 20 minutes.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

required for Education Loan: Proof of Identity Proof of Residence Proof of Income Bank Statement where salary or income is credited

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