Collateral Free Loans (Up to Rs. 4 lacs) - Educational Loan Scheme

RBI has advised that the banks must not, mandatorily, obtain collateral security in the case of educational loans upto Rs. 4 lakh.

Click here for the text of the circular RPCD.SME&NFS.BC.No. 69/06.12.05 /2009-10 dated April 12, 2010.