POSTED BY August 27, 2014 12:55 pm ONE COMMENTON
My house is mortgaged with LICFL and outstanding amount is 7.5L. I need education loan to sponsor my studies abroad with a tuition fee around 20L. For this process HDFC Credila needs a security.
Can I transfer my loan to HDFC and get a education loan along in order to help my studies?
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One reply on this article “Can I Transfer of home loan from LIC HF to HDFC as a security for getting student loan ?”
Yes, you may transfer your home loan to avail a “top up” loan on the existing security. This can be used for educational purposes.