Hello Jagoinvestor team,
I am Ela Selvaraj an NRI from Germany, with due help from this website I able to got my SBI Maxgain home loan last week after 6 months of waiting period but I am happy. I am yet to pay my 1st EMI on 10th August 2013. But next week I am planning to apply for SBI car loan as well. Reason is no pre-payment penalty. My loan eligibility allows me to take another 70-80 lakhs after home loan approval so no real issues in eligibility criteria. But can I apply now? because I am yet to pay my 1st home loan EMI but before that can I apply for a car loan? will SBI consider processing the application?
Please help me out
Thanks