#1  
27th July 2014, 06:14 PM
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Can I apply for another Education Loan if my previous loan amount of 2.5 Lac is pending?


Sir,
I want to take education loan for higher studies but my previous loan amount is pending RS.2.50 lac . Can i apply for the another loan when one is pending




  #2  
21st August 2014, 11:07 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I apply for another Education Loan if my previous loan amount of 2.5 Lac is pending?

You can apply for education loan even if you have previous loan amount of 2.5 lakhs pending. But it is at the discretion of the bank whether your loan will be sanctioned or not. Usually such loan requests are not sanctioned. But it can be sanctioned in cases like you got chance of admission in very reputed institute or the top institutes of the country. For example, if you get chance in IIMs then the bank will accept your request and sanction your loan. So, it purely on the bank's discretion in which you applied for loan.




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