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  #1  
24th April 2018, 04:35 PM
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Bank will sanction education loan if my father has already taken home loan?


Hello, My daughter want to take an Education Loan for her further education. I have a salary account in HDFC Bank. I have also using credit card. The most important thing is, I have already taken Home Loan through my salaried account. I want to know that still my son gets Education Loan?




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  #2  
11th June 2018, 04:19 PM
ppsahu
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Join Date: Apr 2018
Posts: 12,628
Default Re: Bank will sanction education loan if my father has already taken home loan?

Yes, it is possible. If the Banker thinks that your income is good enough to make you eligible to pay education loan, after paying Home loan EMIs, then there is no problem. In fact if you have been regular in paying off your Home loan EMIs, it is an advantage.

If your income /track record comes down below eligibility, you may consider to provide an additional guarantor, from among family or friends to strengthen your application.
Do you have any question? or have anything to say?



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