#1
12th April 2016, 04:25 AM
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Whether Banks check credit report of those candidates who has applied for an Education Loan?
Dear Friends,
I am trying to apply an Education Loan for study MBA course. But I have heard that the Bank where I will apply for Loan will check the credit report. Is it true? |
#2
15th April 2016, 08:26 PM
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Yes of course they will certainly do the credit report of the candidates who is going to apply for " Educational Loan " . And also they will check out the Income tax return's o their parents as well. Some times it will ask for guarantor also. It is all based on your rating from CIBIL.
So what I am saying all the works o banks will be done as per their proceedings. |
#3
16th April 2016, 12:37 AM
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Yes, the banks will check credit report or last 6 months bank statement of guarantor or candidate for providing the education loan. To get Education loan easily, you must have at least 6 months salary slips, bank statement, property documents, education documents, etc.,. correctly. Once, you submit all the documents to bank, your loan will be approved within 15-20 working days.
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