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  #1  
23rd May 2016, 12:54 PM
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Is it possible to get education loan from 2 different banks?


I am doing MBBS from Bhopal, I need total loan of 10 lacs can i take it from two different banks. Can you please tell me what is the procedure which we need to follow for this? Awaiting for the answer. Please give me the information on this.




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  #2  
23rd May 2016, 08:53 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Is it possible to get education loan from 2 different banks?

Normally, bank allow loan based on the tuition fee of the given course. After securing admission you can apply for loan with the help of required documents. You need a guarantor to apply for loan.

Although you can apply for loan from different banks but it would be better to apply for loan in single bank only. It will not make any difference if you take loan from two banks.
  #3  
24th May 2016, 01:50 AM
ishteaque
Senior Member+++++
  
Join Date: Nov 2014
Posts: 6,453
Default Re: Is it possible to get education loan from 2 different banks?

You need not apply for loan in 2 different banks, it will not make any such difference. Moreover, it will be complicated for you only. However, you can apply for scholarship program by visiting the bank and the further procedure will be mentioned to you by the bank itself.
Do you have any question? or have anything to say?



« Am I eligible for getting study scholarship to do B.Tech after completion of intermediate with 91.4% from UP board? | Is it possible to apply for educational loan without working in government sector? »

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