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  #1  
18th April 2016, 01:04 PM
Unregistered
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Whether Bank offers an Education Loan 2nd time to study in Abroad?


Dear Friends,
I have taken an Education Loan for my Master's Degree in India. Now I want to go Abroad for that I want to take an Education Loan again. Will Bank give me a Loan second time?




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  #2  
21st April 2016, 03:42 AM
ArunavaBasu
Senior Member++++
  
Join Date: Mar 2015
Posts: 2,155
Default Re: Whether Bank offers an Education Loan 2nd time to study in Abroad?

Yes you will be provided an Educational Loan again but you will have to repay the Educational Loan that you have taken earlier, six months after the completion of your course.
You will have to go to provide the documents that the Bank seek again and once you are able to satisfy the Bank with the documents your Loan will be sanctioned.
You are eligible for another Educational Loan without any doubt.
  #3  
21st April 2016, 04:29 PM
palugulavenumadhav
Senior Member+++++
  
Join Date: Dec 2014
Location: Hyderabad
Posts: 3,103
Default Re: Whether Bank offers an Education Loan 2nd time to study in Abroad?

No, you cannot avail education loan second time.

One cannot apply for an education loan for the second time, is the first loan is not yet being cleared.

If you have cleared the first education loan amount, then you can avail a education loan for the second time.
  #4  
14th October 2021, 07:36 PM
Mack04
 
Join Date: Oct 2021
Posts: 5
Default Re: Whether Bank offers an Education Loan 2nd time to study in Abroad?

Yes, you can apply for an education loan after repaying the older one, otherwise, it will affect your credit score
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