How many loans can a bank give?
How many loans can a bank give?
You can have 1-3 personal loans from the same lender at the same time, in most cases, depending on the lender. But there is no limit to how many personal loans you can have at once in total across multiple lenders.
Can we maintain 2 current accounts?
According to a senior public sector banker, there are also cases where a company can have more than 100 current accounts through its subsidiaries. Expenses incurred by the borrower for day to day operations should be routed through CC/OD account, if the borrower has one, otherwise current account can be opened.
Can I take loan from two banks?
Yes, it is possible to get a loan from two banks at the same time provided you earn high enough to pay the two loans. Besides income, other factors such as credit score, hard credit enquiries, fixed obligations, if any, will also matter. Otherwise, you could face rejections and let your credit score drop drastically.
Can we take home loan from 2 banks?
It’s not possible to get two loans on the same house as the property can be used as the collateral for only one loan. However, both can apply jointly for a single loan on the same house. Having spouse as the co-applicant is the best combination for getting higher approval on a housing loan.
Can you have 2 personal loans at the same time?
How many personal loans can you have at once? The short answer is that you can take out more than one personal loan simultaneously. But just because you can doesn’t mean you should, as it can seriously impact your credit score and overall financial health.
Can I open 2 current accounts in different banks?
Lending banks can open current account and non-lending banks can open only collection account. Collection account can receive money which has to be paid into CC/OD account of lending bank on same day.
What is current account limit?
Monthly Average Balance (MAB) Requirement on Basic Current Account of Different Banks
| Bank | Monthly Average Balance (MAB) | Free deposit limits |
|---|---|---|
| ICICI Bank | Rs.25,000 | 12 times the MAB |
| Axis Bank | Rs.10,000 | Up to Rs.2 lakhs |
| IndusInd Bank | Rs.10,000 | Up to Rs.2 lakhs |
| Canara Bank | Rs.1 lakh (quarterly) | Up to Rs.5 lakhs per day |
What happens if you apply for 2 loans at the same time?
When you already have one or more personal loans, this debt will show up on your credit report if you apply for another loan. The new lender you’re applying with will want to make sure your debt relative to your income isn’t too high. If it is, you could be turned down.
How many times one can take home loan?
The good news is, a borrower can have as many home loans in India as he or she wants, and there is no law barring them from servicing only one home loan at a time. Therefore, if a borrower wants to purchase say 25 properties at a time, he or she can take different home loans for all of them from 25 different lenders.
Can you get a loan when you already have one?
Can I Take Out a Second Personal Loan if I Already Have One? The short answer is, yes. You still need to qualify for the second personal loan before a lender will disburse it into your bank account.
Can I take out another personal loan if I already have one?
Can I Take Out a Second Personal Loan if I Already Have One? The short answer is, yes. You still need to qualify for the second personal loan before a lender will disburse it into your bank account. All the same eligibility criteria still apply.
Which bank is best for current account opening?
Best Banks for Current Account
| Banks | Maximum Cash Deposit Allowed |
|---|---|
| HDFC Bank | Up to ₹2 lakhs per month (for regular current account) |
| ICICI Bank | Up to ₹1.8 crores per month |
| Axis Bank | Up to ₹2 lakhs per month (for regular current account) |
| Bank of Baroda | Up to ₹1 lakhs per month |
Can I open another current account with the same bank?
Can you have more than one current account? Let’s get this cleared up first. Even though many think they can only have one, there’s actually no limit to how many you can open from different banks. You might even be able to have more than one from the same institution.
Is it safe to keep large amounts of money in a current account?
In the UK, your savings are only protected up to £85,000 per banking group, not bank. If you exceed this limit in your current account, you face losing out if your bank collapses, essentially because you’re not insured.
Can I get another loan after paying one off?
How much car loan can I get on 25000 salary?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.