Can i take education loan from 2 banks?
Content
Video answer: How to get study abroad education loans from nbfcs…
Top best answers to the question «Can i take education loan from 2 banks»
No, it is not possible to get an education loan from two different banks to study for the same course in India… 50 lakhs for education within India. So, all your education expenses can be met by taking a loan from just one bank. Also, above a certain loan amount, collateral is required for an education loan.
The simple answer is yes. Two Student Loans can be taken from different banks at a time but generally, this method only increases our monthly EMI burden. Both the banks should be well aware of the other loan taken.
Video answer: How to get an education loan from sbi?
2 other answers
Through the Vidyalakshmi portal, students can apply for a loan to multiple banks, track their applications and avail of various loan schemes.
No, it is not possible to get an education loan from two different banks to study for the same course in India. There are many banks that provide a large loan amount for domestic education. For example, ICICI Bank offers up to Rs.50 lakhs for education within India. So, all your education expenses can be met by taking a loan from just one bank.
Video answer: Education loan interest rate: fixed vs floating
