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Where,All The Seniors Are Gone...hELp

Arsh deep

Full Member
Oct 2, 2012
28
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Today I got my loan sanction letter of 6,00,000 on the basis of THIRD PERSON GURANTEE and FD of 2,00,000.

So does it have any negative effect if a person take loan against THIRD PERSON GURANTEE instead of loan against FD or PROPERTY.

As they require loan of 6,00,000.So does the VO cares about that the loan is taken on which basis(security)....
 

RNK

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Jul 30, 2012
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can u tell what was written on the loan sanction letter,like on what basis loan is sanctioned?
 

Arsh deep

Full Member
Oct 2, 2012
28
0
RNK said:
can u tell what was written on the loan sanction letter,like on what basis loan is sanctioned?
...Education loan granted of rs 6,000,00 for ***** course in red river college


In the security section,it is written:-
1.loan given against 2 lakhs FD
2.Third person gurantee
 

RNK

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Jul 30, 2012
759
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HYDERABAD
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no idea about what VO will think bro.
good luck
 

nikhilbanga.ca

Hero Member
Aug 18, 2012
223
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Alberta, Canada
Category........
AINP
Arsh deep said:
Today I got my loan sanction letter of 6,00,000 on the basis of THIRD PERSON GURANTEE and FD of 2,00,000.

So does it have any negative effect if a person take loan against THIRD PERSON GURANTEE instead of loan against FD or PROPERTY.

As they require loan of 6,00,000.So does the VO cares about that the loan is taken on which basis(security)....
dnt wry dude they jst need a sanctioned loan according to me
 

Arsh deep

Full Member
Oct 2, 2012
28
0
nikhilbanga.ca said:
dnt wry dude they jst need a sanctioned loan according to me
that only I am saying,they only require EDUCATION loan letter of 6 lakhs and its our choice, what we show for SECURITY.....????
 

aman khinda

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Jul 29, 2012
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kapurthala,punjab,india
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Arsh deep said:
that only I am saying,they only require EDUCATION loan letter of 6 lakhs and its our choice, what we show for SECURITY.....????
dont worry they just want loan sanctioned it may be on any security..on loan it should be just written educational loan..
 

india2canada.....

Full Member
Aug 18, 2012
36
0
lol ...... dont think of these small things ,,, Even I was like you!!! But to be very honest as far as you complete the formalities of loan anyhow, VO dont care abt third party as far as Loan is genuine !!!!! Thats it .....
 

Arsh deep

Full Member
Oct 2, 2012
28
0
india2canada..... said:
btw mine was with Third party guarantee and FD
how much was your loan amount?

Bank has given me loan of 4 lakhs against (1)THIRD PERSON GURANTEE and (2) 2 lakhs loan against my FD.....

In the SECURITY section they have mention these both above points.

Bank wrote in the LETTER that EDUCATION LOAN of rs 6,00,000 sanctioned for **** course in red river college.....