Can a student avail another loan for further studies? When will the repayment of the new loan commence?

Yes, this is possible.

One can borrow a loan for a bachelor’s degree followed by one for master’s without repaying the first loan. This loan can be taken as a top-up loan against the already existing loan; however, it is subject to the lending bank’s discretion and the internal rules and regulations of the lender.

It will commence as per the new holiday period, which will take effect once the student has joined a new course.