Can i take loan from 2 banks with a loan amount less than 4 lakhs ?????
3.5 lakhs from one & another 3.5 lakhs from another.....???
Rajeev Prashar (student) 27 June 2011
Can i take loan from 2 banks with a loan amount less than 4 lakhs ?????
3.5 lakhs from one & another 3.5 lakhs from another.....???
RAJU O.F., (Advocate) 27 June 2011
If two or more such loans are availed of , without the knowledge of the previous banker(s), that would amount to cheating. Don't attempt that.
Rukmani Parthasarathy (CEO) 27 June 2011
As long as the banks are aware that you are taking credit from the other institution. Remember CIBIL is watching you.
SACHIN AGARWAL (ADVOCATE) 04 August 2011
No. You cannot. It is covered under fraud.
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