Education and Career Forum

Hello sir, I was applied for home loan one month ago of 5 lakh at SBI but till loan is not sanctioned. But, now I want to admit my son in MBBS course at Russia. So, I want to take an education loan instead of home loan from the same branch. Please tell me what should I do for it?

You have applied for home loan of amount Rs. 5 Lacs one month ago. Now you are interested to take education loan instead of home loan from the same SBI branch.

**For this you have to visit to the same bank branch and firstly make sure whether your home loan is sanctioned or not. If it is sanctioned then you have to ask the bank official to close the loan account as you did not want it. For this you have to pay some interest too and then you can apply for education loan.

**If the home loan is not sanctioned then you have to ask the bank officials to cancel the home loan and then apply for education loan. For this you have to fill the education loan form in which you have to fill personal details, educational qualification details, loan amount details etc. After filling the form you have to submit it with relevant documents.