Can a person have two cash credit accounts in different banks?

A person can avail one cash credit loan account from one bank. In case he is willing to avail another cash credit loan account with some other bank, he has to get an authorisation from the first lender. read more

No you can not maintain two cash credit accounts in two different banks for same bussiness.If anyone banks come to know about your fraudlent activity they will ask to close your http://accounts.As it is kind of financial fraud . read more

Reasons to Have Multiple Accounts. It is possible to have checking accounts at more than one bank, and you may have specific reasons about why you want to do this. For example, you may choose to keep your personal checking account open when you open a joint account with your spouse at a different bank. read more

You can also get approved for multiple loans from different banks if you have a good payment history. A review of your credit report is needed. If you have paid your previous debts on time and you have a long time credit history, this can help you get approved. read more