#1
7th August 2019, 10:42 PM
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Whether Bank provides education loan to a candidate whose father has taken consumer Loan?
My son wants to take education loan for his further education. I have a salary account in Andhra Bank. I have also credit card. The most important thing is that I have already taken consumer loan through my salaried account. I want to know that my son gets education loan?
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#2
17th August 2019, 10:37 PM
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Re: Whether Bank provides education loan to a candidate whose father has taken consumer Loan?
It will depend on the income of your father which will decide the amount of loan you can still get if he becomes a guarantor for your education loan. If he is already on a consumer loan and he is paying it back on time then you shouldn't worry.
Normally, those who pay their EMI on time have a good credit score which can help them to get any other loan quite easily. So, it all depends on the credit score. |
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