#1  
7th August 2019, 09:42 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?




  #2  
17th August 2019, 09:37 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default 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.
Do you have any question? or have anything to say?





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