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  #1  
14th June 2015, 05:28 PM
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Can I get Motorbike through Bank Education Loan if the distance between college and home is much more?


Hello everyone,
I want to study Bachelor of Hotel Management by taking Education Loan from Bank. I am getting admission but the problem is, the distance between that college and my home is about 1 and half hours. So, will Bank also provide me Motorbike also in Education Loan?




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  #2  
15th June 2015, 10:30 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I get Motorbike through Bank Education Loan if the distance between college and home is much more?

I am extremely sorry to state that you cannot get bank education loan to buy motorbike even though the distance between college and home is high. Rather the bank will finance your motorbike under education loan scheme. If you want finance from bank to buy a motorbike you have to take vehicle loan.
  #3  
15th June 2015, 11:00 PM
ArunavaBasu
Senior Member++++
  
Join Date: Mar 2015
Posts: 2,155
Default Re: Can I get Motorbike through Bank Education Loan if the distance between college and home is much more?

No the Bank will only provide for the Fees that is charged by the College and it will not give any Loan for Motorbike.
So if you want to Buy a Motorbike you will have to do so by spending the money from your own pocket.
Do you have any question? or have anything to say?



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