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Loan for office assets for practicing ca-security ?

This query is : Resolved 
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(Querist)
25 April 2012 Hello everyone,

i started my office at mira road. i have taken loan of rs.40000 from relatives.

i had heard of corp bank loan. when i went to bank they are asking for securities. i do not have any security to lend. we are staying on rental basis.

if anyone has taken above loand, is it necessary to provide security ??

waiting for your reply urgently.
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CA Nikhil Bhansali

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CA Nikhil Bhansali (Expert)
26 April 2012 What is corp bank loan?
yes it is mandatory to provide security on any loan.
you can avail unsecured loan from NBFCs
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