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  #1  
16th July 2017, 07:34 PM
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Chances to get an education loan of 2 to 3 lakh if already taken a business loan of 3.5 lakh from SBI? What are the circumstances?


Hello sir, I want to know can I get an education loan of 2 to 3 lakh if my father has already taken a business loan of 3.5 lakh from SBI? What are the circumstances?




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  #2  
5th March 2023, 03:42 PM
UmangSharmaMumbai
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Join Date: Feb 2023
Location: Aamchi Mumbai
Posts: 276
Default Re: Chances to get an education loan of 2 to 3 lakh if already taken a business loan of 3.5 lakh from SBI? What are the circumstances?

The chances of getting an education loan may depend on various factors such as your credit score, income, and the policies of the bank. However, having an existing business loan with SBI may affect your chances of getting an education loan as the bank will consider your existing loan obligations while evaluating your repayment capacity.

If your father has already taken a business loan from SBI, the bank will also consider his creditworthiness and repayment track record before approving an education loan for you. In case of default on the existing loan, it may affect your chances of getting an education loan from the same bank.

It is advisable to check with the bank regarding their policies and eligibility criteria for education loans and also consider other options such as scholarships, grants, or part-time work to support your education expenses.
Do you have any question? or have anything to say?



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