Can I transfer an education loan from one bank to another? Is it possible to do so? If yes, then how do I go about it?
Yes, you can transfer your loan from one bank to another. And it is possible to do a loan transfer, so as to get a better interest rate and better terms & conditions. However, you should keep in mind that interest rates in refinanced education loans are lower, plus you have an option to convert your secured education loan to an unsecured education loan.
To explore more on how to transfer your education loan from one bank to another, read: Education Loan Refinancing 2025 | Meaning, Process, Documents Required and Benefits | GyanDhan