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?

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.