Education and Career Forum

Hello sir, I have completed B.Sc Biotechnology and want to do M.Sc Biotechnology. I have already taken an education loan from SBI. Please tell me can I apply further for an education loan?

You can get another education loan from State bank of India if you fulfill any one criteria:

*You have full paid all amount of previous education loan which you have taken for Bachelor of Science in Biotechnology.

*Or, you are paying installment of loan repayment at right intervals without late fees. This ensures that customer is trust worthy and your credibility will be good for sanction of another education loan.

So, you can apply for another education loan from SBI for M.Sc provided you meet any of criteria.

Normally, the same bank won't consider your application for another education loan, if there is any previous unpaid loan on you. You need to start repaying it as soon as possible, then only you can expect to get the next loan.

If you have got a decent job after course completion and earning a handsome salary, then chances of another loan will be better. If you are still looking for studies after studying on an education loan, then it might be a bit difficult.