Hey aakansha!  

For the loan you must know the loan procedure of the bank. If you want a loan of 4 lakh Or less you don't need to provide any guarantee to bank for this amount of education loan now coming to your questions as parvara medical college you need loan of huge amount to complete your course as per the rbi guidelines for loan of more than 4 lakh.  Whatever amount of money you are taking as loan instead of that amount guarantee of same amount which can be in form of property paper, gold, fix deposit need to be submitted to bank to get your loan! 

Hope this information help you 

Good luck