
CBOA - Canara Bank Officers' Association
February 6, 2025 at 02:57 AM
*BANKING TITBITS:#587*
*Retail Lending Policy of the Bank*
*CO-BORROWER SHIP FOR EDUCATIONAL LOAN:*
->Parent will be co-borrower, both in case of minor and major students. Branches /offices to be guided by the latest norms for CIC score related guidelines.
-> Where parents are not available, legally appointed guardians may be accepted as coborrower.
-> In case of students, who are major (> 18 years of age) and parents are not available due to death or any other valid reason for offering joint borrower ship , such cases have to be referred to Circle Head for necessary clearance, with joint borrower ship of any other close relative of the student, acceptable to the Bank
*TEAM CBOA COIMBATORE*
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