![Types of Collateral for Abroad Education Loan](https://hiwipay.com/wp-content/uploads/2024/06/Types-of-Collateral-for-Abroad-Education-Loan1.jpg)
Types of Collateral for Abroad Education Loan – Complete Guide
What is Collateral in Education Loan Collateral is a security that a borrower pledges as a security for the loan. It works as a security for the lender in case the borrower defaults in repayment of the loan amount. The value of the collateral typically covers the loan amount. Now since the lender has assured repayment