Education and Career Forum

Hello friends, I am working under my family Business. I have taken personal loan which interest I am paying regularly without any delaying. I have also maintain a Credit Card. Now, I am preparing for CAT and want to study MBA. My question is, I still eligible for education loan as I have mentioned my doubts above. So, I want to know about the chances.

If you have taken any loan previously and haven't paid it back still, then you might face some issues. But if you have been paying your credit card bills on time without any delay, then chances are good for you.

The only problem arises, when you default, means you fail to pay the bank on time. This can create a bad reputation and will affect your credit score too.