2nd November 2015, 07:41 PM
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Whether Bank provides education loan to a candidate whose father has taken Personal Loan?


Hi,
My son want to take education loan for his further education. I have a salaried account in HDFC Bank. I have also credit card. The most important thing is I have already taken personal loan through my salaried account. I want to know that still my son gets education loan?





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5th November 2015, 03:27 PM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Whether Bank provides education loan to a candidate whose father has taken Personal Loan?

Yes, your son will still get an education loan. There is no problem if you have a personal loan under your name. The education loan norms have become quite lenient and now it is easy to take education loan. Since you have a stable income so you can become the co-borrower of the loan. Hence, your son can opt for the education loan to pursue further studies. You need to comply with the terms and conditions and complete all the formalities as per bank's orders to get the education loan sanctioned.
 
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