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  #1  
29th March 2016, 09:39 PM
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Can I get loan for my son’s education if having salaried account in IDBI Bank whose Credit Card Bill exceeds to Rs. 1 Lacs?


Hello Everyone,
My son want to apply for an Education Loan for doing B.Arch course. I have a salaried account in IDBI Bank. I have a credit card and my bill is going to Rs. 1 Lacs this month. In this case, this IDBI Bank will give loan to me for my son’s B.Arch course?




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  #2  
9th April 2016, 11:32 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I get loan for my son’s education if having salaried account in IDBI Bank whose Credit Card Bill exceeds to Rs. 1 Lacs?

Yes, the education loan of your son can still be sanctioned even though the credit card bill of your salaried account comes over 1 lakhs. There is no problem with the credit card bill since you have a stable source of income. The education loan can be sanctioned if you comply with the terms and conditions of education loan scheme and complete all formalities as per bank's orders. Moreover, your son needs to get admission in a well recognized and reputed institute.
Do you have any question? or have anything to say?



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