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Is collateral required for the student loans?

Asked 2018-09-03 17:14:56 by altamash shaikh

Answered by NewsBytes

Yes, a collateral is required for the student loan. It is not possible to get jobs immediately after graduation and a bank can't risk its future income and profile, that is why collateral is required for the student loan. A collateral can be tangible or intangible.

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