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Posted On :- 17/01/2008
 
Question Asked :-  
 
I am a sr officer in a PSU , taken home loan from Axis Bank in 2003, can the mortgage of house be extended to take care of loan for MS from USA for my son. Loan amount required is 15 Lakh.  
 
Answer :-  
 
You should check with Axis bank whether they will be willing to consider an additional loan on the security of the same house. Axis bank might conisder it if you have been regular in your repayment so far, the current market value of the house is such that the additional loan is more than adequately covered and also your income is enough to support both the loans. If they are not willing to consider the loan and all the 3 conditions are satisfied you can consider shifting your home loan to a public sector banks which are active in the area of education loan. The same bank can give you an additional education loan based on your income, repayment track record and collateral security.  
 

Education loan query listing
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Qid Question
14350   loan give please in life
14128   i request you to give me for education loan.
14124    I AM NEED OF EDUCATION LOAN BP MARINE ACADEMY NAVI MUMJBAI FOR EDU
14119   what is the maximum loan amount that i can get for a course in amer
14074   what is the process of issue a education loan
13955   i want to get full information about education loan
13925   i come from a town in bharatpur could i have a education loan from
13886   sir,what's the documents required for an educational loan without a
13884   what is the procedure for taking the loan
13877   I am a Group 'B' Gazettted officer drawing Rs. 4.50 lakh salary p.a
13851   what will be the time duration upto which i will not have to start
13846   What are the conditions for education loan for BE students. what a
13834   plz tell the procedure of paying education loan?
13830   I need appr.3,00,000 Rupees Education Loan for the M.B.A course .I
13822   I WANT EDUCATIONAL LOAN TO FUND MY EDUCATION
13819   I want to do MBA.can i take education loan by any gov. bank?
13815   PLEASE PROVIDE ME ALL THE DETAILS REGARDING EDUCATION LOAN
13813   education loan for studying Bsc(IT)+GNIIT from NIIT but no bank wan
13809   kindly let us know the interest rate for education loan(professiona
13801   i have a mortgage loan i want to apply for a education loan that re
13783   I want Eduaction Loan for Animation course. But i think it is very
13777   i want to study mbbs, however need a loan for that, my age is 26 yr
13775   i want education loan for BED course only in government bank only
13761   i want to know the education loan rate
13756   My question is whether the Executive MBA will come under Education
13753   Iam salaried person.My daughter is studying in 3rd B.E. Can I get l
13751   I have taken ed.loan of 27,000/for 5 years now I have started worki
13740   I am in a government affiliated college can I get a Educational loa
13719   plz tell me about education loan?
13704   i HAVE ADMITTED MY SON IN BE ARYA COLLEGE JAIPUR IN IT BRANCH. I H
13699   student of B-TECH (elect) 2nd yr in PTU COLLEGE AT PUNJAB. GOT 94.8
13694   Please kindly provide me an details regarding education loan.
13693   i have already taken 1 lakh,for my engineering. it is cumpulsory in
13688   how much loan can be provided whiout security
13686   i finished BA. i want to do B Ed so how can i get education loan
13673   hi i am rahul singh from Lucknow,want 2 inquire about the educatio
13668   SIR I HAVE good mark in B.sc but due some security problem i am not
13643   Give me information related education loan for amount Rs 4,00,000/-
13639   do i get educational loan for fly ing course in south africa
13636   pls tel me that which bank provide education loan at lowest rate of
13632   what is process for edutional loan? how i contact with u?
13630   what should i do if i want to apply for education loan??
13629   how can i apply an education loan in Axis Bank
13622   What are the documents required, if I need an educational loan from
13617   terms and conditions,rate of int.,payment mode,tenures
13603   Do you tell us about the loan procedure? do we get this?
13601   hi,this is hameed completed my 10+2, want to join BBM . So can i ge
13590   how to apply an educational loan
13589   hOW TO APPLY FOR AN EDUCATIONAL LOAN
13585   Loan needed for duing CPL (commercial piolt licence)500,000 for six
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