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.