I have a running professional loan taken in last year, now upgraded to top up, because of regular EMI serviced.
Now can I take another professional loan from another NBFC without closing the previous loan.
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Two Professional Loan from Two different NBFC
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Summary: You are permitted to hold multiple loans, but each new application is subject to the lender's risk assessment, primarily based on your credit score and your ability to service the combined EMI burden. It is often advisable to check with your existing lender for a top-up loan before approaching a new institution.
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