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  #1  
14th May 2016, 01:05 PM
Unregistered
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Is there any problem to apply for an Education Loan for a Personal Loan taker?


Hello Sir,
I am planning to apply for an Education Loan to study MBA. But I have already taken a Personal Loan, which I am paying regularly. Now I am worried, will this create any problem when I apply for an Education Loan?




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  #2  
16th May 2016, 12:52 PM
palugulavenumadhav
Senior Member+++++
  
Join Date: Dec 2014
Location: Hyderabad
Posts: 3,103
Default Re: Is there any problem to apply for an Education Loan for a Personal Loan taker?

No, you cannot avail an education loan.

The banks will not offer an education loan for the person who have already taken a loan and not yet returned.

To avail another loan the candidate must have to repay the previous loan amount without any due. Otherwise banks will not issue the loan amount.
Do you have any question? or have anything to say?



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