27th July 2014, 06:14 PM
Posts: n/a

Can I apply for another Education Loan if my previous loan amount of 2.5 Lac is pending?

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

21st August 2014, 11:07 AM
Senior Member+++++
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.
Do you have any question? or have anything to say?

Related Topics:

Thread Replies Last Post
Detailed information about Banks who offers Education Loan for B.Tech programme through COMEDK? Can I get Education Loan without appearing in any entrance exam? 2 15th November 2020 07:23 PM
How to get education loan? From which bank at lowest interest? Minimum salary of parents required for loan? 10 22nd October 2019 12:01 PM
Procedure to get full amount in education loan if got admission through management quota? Is it that we have to get the loan only in the banks allotted to us through the ration card? 1 19th June 2014 11:40 AM

Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
Please also check: