What is Collateral Valuation?
Since banks are taking collateral (such as land, property, share certificates etc.) guarantee against the education loans, banks typically want to find out the valuation of the given collateral. Its done with the objective to find out how much loan can be given out against the collateral guarantee offered. Expert agencies, which are empanelled with the banks, perform a detailed analysis of the collateral. They submit a collateral valuation report. Typically banks offer the education loan amount which is lower than the valuation of the collateral. However, some specialist education loan providers like (www.credila.com) can offer some flexibility in that front.
