The conversation between human and AI assistant.
If I take an education loan from "Union Bank", Is it necessary to enroll into their life insurance scheme, as proposed by them and pay a 1 time fee?
Will not having their life insurance affect the approval of the education loan?
The approval of the education loan is not dependent on whether or not you enroll into their life insurance scheme. The bank considers various factors such as credit score, income, and the purpose of the loan before approving it.