Process for applying Education Loan

May 27th, 2009  | Published in General Awareness








Applying, sanction and disbursal are the three main aspects of the education loan. Applying is relatively simple – either apply for a loan online and get the loan sanctioned in principle. Alternatively, visit a bank branch and complete the formalities.

 

The process is as mentioned below:

  • Filling in the loan application form.
  • Personal Discussion
  • Provide validated supporting documents.
  • Stage of loan approval or denial.
  • Borrowers signature on a Promissory Note.
  • Loan disbursal.

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