Hello fellow members,
I seek an advice regarding an Education Loan. I am a doctor by profession , I have an offer to study abroad (US) and I am earnestly interested in it. I have a sound academic background and seek education loan.
Since the loan amount exceeds 30 lacs, the bank wants a co-signer plus the property papers. The problem is that I have an apartment in a co-op society for which I have a share certificate and not the registry papers.
Can this share certificate be given to the bank as a security?
If not what can be done in this case to present the property as a security?
I'll be greatly thankful if anyone could guide me.