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

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

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

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

It's possible if the bank's assessment of your creditworthiness, income, and existing obligations allows it.

Key points

  • But the most important question isn't "Is it possible?" but rather, are the total installments comfortable for you?

  • Calculate all your debts before taking out a second loan.

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