Is it possible to take two loans from two different banks? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

Is it possible to take two loans from two different banks?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

You might have two loans from two different banks, but approval isn't automatic.

Key points

  • Each bank reviews your income, total monthly payments, existing obligations, repayment ability, and its own credit policy.

  • Calculate the two loan installments along with your credit cards and any other financing before applying, and don't worry about existing debt; lenders review your history and credit exposure.

Source

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.