Are collateral and loan signatures required for education loans in Sweden/Latvia?

Yes, education loans usually require both signatures and, for higher amounts, collateral.

- Signatures: The student (primary borrower) and a co-applicant, typically a parent or guardian, must both sign.
- Collateral:
- For loans up to ₹4 lakh, no collateral is typically needed.
- For loans between ₹4 - 7.5 lakh, a co-applicant or third-party guarantee is usually required, but not tangible collateral.
- For loans above ₹7.5 lakh, tangible collateral such as property or fixed deposits is generally required.

Requirements can vary by lender and country. For Latvia and Sweden, local rules may differ, with Sweden often offering state-backed loans that may not need collateral or a co-applicant.