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  #1  
4th March 2016, 06:58 PM
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Is it possible to apply an education loan from 2 different banks for Abroad studies?


Hello Everyone,

I want to go Abroad for further studies. The total cost of my course is upto Rs. 20 Lacs. I want to know that can I apply for an education loan partly from different banks? It means that can I apply for Rs. 8 Lacs from one Bank and remaining Rs. 12 Lacs from another Bank? Is it possible?




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  #2  
16th April 2016, 12:51 AM
Career Expert
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Join Date: Feb 2016
Posts: 4,375
Default Re: Is it possible to apply an education loan from 2 different banks for Abroad studies?

No, you cannot take an Education loan from 2 different banks for doing your Abroad studies and you can get complete loan amount of Rs.20 lacs from a single bank by
submitting the property documents as a collateral security related to house, flats, etc.,. By submitting all the required documents, you can get an Education loan amount of Rs. 20 lacs for doing higher studies in Abroad.
Do you have any question? or have anything to say?



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