15th September 2014, 06:06 PM
Posts: n/a

How can I take another Loan for PG course if already took for UG course?

I had taken loan of rupees 50000 in BCA from sbi branch now i can take loan for my PG course
from sbi bank but i want education loan for PG course

26th September 2014, 01:56 PM
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How can I take another Loan for PG course if already took for UG course?

Yes, you can apply in the same branch of the bank for education loan in order to pursue your PG course. However, in order to take education loan you need to make sure that you have already repaid the education loan which you have taken for BCA course. This is because most of the banks do not allow more than one education loans at a time except in cases like :-

- You have got admission in a very good and reputed institute, but this is at the bank's discretion.
- You have some property to keep as mortgage to bank.

However, since your education loan amount in BCA was very less which is just 50000 so the chances of sanctioning of loan by the bank for your PG course is very high. The procedure you need to follow for getting the loan is same as that of during your BCA course loan sanctioning. You need to go to the bank and talk with the branch manager concerning the loan and do as he/she instructs. You need to make sure that you inform the bank concerning your previous loan details.
Do you have any question? or have anything to say?

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