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Is it necessary to have an account with the bank to avail of an educational loan? | Kalvimalar - News

Is it necessary to have an account with the bank to avail of an educational loan? - 5-Mar-2008

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Initially, this used to be important criterion with nationalized banks. Now, however, with more relaxed norms, it is not mandatory to have an account. However, if one does have an account with that particular bank, it becomes easier to get the loan sanctioned. This is because the bank can examine your past financial records and transactions, and make a decision quickly.

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