Student Loan eligibility depends on may factors of factors like previous academic records, graduating school, target school, GRE/GMAT scores, applicant and co-applicant's income.
In loans with collateral, borrowers (applicant and/or co-applicant) offer a security against their loan to the lender. For example, Fixed Deposits, flats etc. can be collateral's. They are also known as secured loans. When no security is provided, loan will be referred as unsecured loan or loan without collateral.
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