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#1
9th March 2016, 03:33 PM
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Will I be not applicable for an Education Loan with bad credit history having a credit card?
Sir,
I am having a credit card of IndusInd Bank. Now I have got a chance to study in Abroad and I am trying to take this opportunity. In this case, I need to apply for an Education Loan. So, I want to know if I have bad credit records then I will not applicable for the Education Loan? |
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#2
13th March 2016, 12:07 AM
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Re: Will I be not applicable for an Education Loan with bad credit history having a credit card?
To apply for the Educational Loan of more than Rs 4 Lacs you will need to provide a guarantor for the Loan amount.
You will need to produce the details regarding your admission to the University where you will pursue the course for which you are taking the Loan. You will also need to provide the IT Return of your guarantor for the last financial year. Once you do this your Loan will be sanctioned and your bad credit records will have no effect in your Loan. |
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