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  #1  
4th May 2016, 08:59 PM
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Is it possible to split amount of an Education Loan by applying in 2 Banks without mortgaging property?


Hello Friends,
I want to take an Education Loan for study in Abroad and the amount is nearly Rs. 13.5 Lacs. But I have no property to show as a mortgage. So can I get the Education Loan of this amount? And is it possible to take that Loan from 2 Banks so that they don't take mortgage. Please advice me a way to obtain the Education Loan.




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  #2  
6th May 2016, 08:50 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Is it possible to split amount of an Education Loan by applying in 2 Banks without mortgaging property?

No, it is not possible to take an Education loan partly from two different banks without mortaging property. To offer an Education loan, the bank checks all the details regarding fee structure of the course and it offers full amount by taking security from you in the form of collateral security. But, it is not possible to take loan partly from two different banks without having mortaging property.
Do you have any question? or have anything to say?



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