Education and Career Forum

Hello,
I have already taken maximum education loan of Rs. 15 Lacs against property and I require an education loan of another Rs. 7 Lacs for doing Higher Education. Can you please suggest me which Bank should I approach?

I am extremely sorry to state that there are no banks which will be willing to offer you education loan of 7 lakhs again since you already have the burden of 15 lakhs on your head. So unless you repay the loan almost all the banks will not be willing to offer you loan. However, it is at the discretion of the bank and a bank can offer you loan if you get admission in a good college or have bright academic background. Since every loan account is linked to RBI, so every bank will get to know that you have a pending loan. SO the best option for you is to approach the same bank from which you had taken loan and request them through application for one more loan.