If I close my current education loan of around 3.3 lakhs, will I be eligible to get a loan for masters for a Master's?
17 Jun 2026 · Answered by Mona Negi · 1 min read
Yes, closing your current education loan of ₹3.3 lakh can improve your eligibility for a new loan for your master's. Paying off the existing loan lowers your debt-to-income ratio, which lenders view positively when assessing new loan applications.
Keep in mind, closing a loan may cause a small, temporary change in your credit score, but this is usually minimal. Maintaining a good credit score is important for getting favorable loan terms.
Some banks also offer top-up education loans, letting you borrow more for further studies without closing your current loan. If you want to explore this option, connect with your LeapScholar counsellor for guidance.
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