Types of Property Accepted As Collateral Security in Banks

Welcome to the viewing of episode 12 in the Inshorts series. The topic of discussion for today’s episode is centered around the types of properties which can be pledged as collateral security with government banks for secured education loans.

Loanflix InShorts is a series of really small duration, three-minute episodes which cover some of the basic, common terms involved in the abroad education loan process. The major aim behind introducing Loanflix InShorts is to provide knowledge of the education loan process at a deeper level, thus enabling you to have a hassle-free experience.

Secured education loans from government banks are considered to be one of the most reliable sources of higher education funding by Indian borrowers. The only hassle which they happen to come across in the entire process is not knowing exactly which type of properties are accepted as collateral security in government banks. This episode aims to clarify the different types of collateral accepted by government banks. In addition to that, viewers can also gain a better insight into how they can successfully get an education loan against property by pledging the right kind of collateral security. Today’s discussion is conducted on the basis of the following points.

Types of Collateral Security To Pledged For An Education Loan Against Property

Did you know that borrowers can pledge two different types of assets as collateral security for a secured education loan? Know all about the different examples of collateral security that can be pledged for secured loans.

It is common knowledge that immovable property is one of the most widely accepted categories of collateral security for a collateral loan by government banks. However, were you aware that most government banks have certain rules and regulations regarding the type of immovable property which can be pledged as collateral security? Know all about these rules and regulations towards the concluding part of the episode. 

Overall, the main motive behind putting this episode together is to make borrowers aware of the examples of collateral for secured loans acceptable at prominent government banks. The next episode of Loanflix Inshorts deals with whether it is possible for students to borrow education loans to fund their PG Diploma course in Canada.