What is the procedure for an education loan?
Asked by Anita
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1 Answer
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Procedure for an Education loan:
To apply for the Education loan, one must be an Indian citizen, having secured admission into a college or university recognised by a competent authority in India or abroad. The candidate must have completed his/her higher secondary level schooling. Some banks offer an Education loan even before one has secured admission into the university.
Steps:
1- Visit the bank.
2- Collect the Education loan form, fill the form and attach all required documents with the form.
3- Higher Authority will verify and submit.
4- After submitting the form, you may or may not get the loan.
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