Legal Question in Real Estate Law in India
I am seeking education loan for studies in abroad. But SBI is not ready to take agricultural land as collateral security ? Can anyone explain why agricultural land can not be taken as collateral security ?
Asked on 3/07/11, 9:26 pm
1 Answer from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Every bank has its own rules and regulations. Since SBI is a Govt of India undertaking, you can seek clarification from SBI by invoking RTI.
Answered on 5/17/11, 2:18 am