Vishal

I have an Education loan for my B.Tech from Oriental bank. I want to pursue MBA from IIM's. Will SBI inside IIM campus provide me with an education loan over and above the education loan I have with Oriental Bank?


by Vishal
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RE: I have an Education loan for my B.Tech from Oriental bank. I want to pursue MBA from IIM's. Will SBI inside IIM campus provide me with an education loan over and above the education loan I have with Oriental Bank?

Meghna Mukherjee
Meghna Mukherjee
Verified Career Expert
Counselor at Adaptive Minds
  • Mumbai

Hello Vishal,

Good question asked.

 

As far as I know about loans. Loans are given against a security.

So, once your security is sealed with one bank until you pay and release it, how will you take another loan. What I mean is what security would you now present.

 

At the same-time, how will the other bank trust your credentials, as your first loan has not been cleared 

Thus as such you would not be eligible for another loan.

 

But still I would suggest, meet the professionals at the bank itself and seek clarifications.

Wish you good luck...

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