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#1
4th May 2016, 08:59 PM
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What should I do to reapply if my Education Loan application is denied?
Hello Friends,
Bank has denied my Education Loan application. What I should do now? My Loan amount is Rs. 5 Lacs for studying B.E.(Mechanical Engineering). My father's net month salary is Rs. 17,000. |
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#2
6th May 2016, 09:09 PM
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Re: What should I do to reapply if my Education Loan application is denied?
If the bank has denied your Education loan, there might be a appropriate reason. That means you are not having the proper documents required for loan approval. Before reapplying for the education loan, I suggest you to have all the required documents of your studies and Collateral Security, so, that your education loan will be approved.
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#3
8th May 2016, 01:00 PM
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Re: What should I do to reapply if my Education Loan application is denied?
You need to do the following :-
- First get to know the reason of loan rejection. - Rectify the reason and apply again by approaching the same bank and make a new request. - Otherwise you can approach different bank but make sure not to repeat the same mistake which you did for the current bank. |
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