#1  
19th April 2015, 04:43 PM
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Is it possible to extend Bank Education Loan to study MBA if doing B.Tech with Education Loan?


Sir,
I am planning for an MBA which should be next year.
I am studying B.Tech with Education Loan.
So, I can extend my Education Loan?
Will Banks allows my application for extension?




  #2  
23rd May 2015, 01:58 PM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Is it possible to extend Bank Education Loan to study MBA if doing B.Tech with Education Loan?

This is purely at the discretion of the concerned bank which had offered you education loan. Usually the banks do not allow such provision if the loan already taken is of high amount and interest has not been paid. However, the bank might allow on below mentioned cases.

- You get admission in the top institutes of the country like IIMs.
- You had paid the interest of every month of the loan taken and the loan already taken is not of high amount and the co-borrower has income from stable source.
- You repay a major portion of the loan already taken.
Do you have any question? or have anything to say?



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