How to Apply
. Confirm upon applicable educational course (University, location, costs, etc.).
Compare all available educational loans.
. Keep ready the Basic Documents like the Address, Age and Nationality Proof. Check the documents required in this column for more details.
. Collect the Admission Letter from the admitting College/Institute.
. Collect and keep ready all essential documents issued by the admitting College/Institute, including prospectus, breakup of fees, etc.
. Letter from admitting School/College/Institute that stipulates non-availability of hostel facility (If hostel facility is not available)
. In case of Studying Abroad - the Employment Contract, Entry Permit (Validity, Issuing authority etc., Admission letter & I-20 form from Foreign Institution, Pass port & Visa
. Submit the same to the Bank to which you have applied for the loan.
. Obtain the Acknowledgement for having submitted the documents to the bank.
. Collect the Education Loan Sanction Letter from the Bank.
. After all the formalities, Loan Amount will be received by you (Note: It may be directly paid to the College by the Bank).
. Check up with the College, if they have received the fee.
. Submit the fee demand documents , if any/ if required from time to time, and ensure the Loan amount towards fees for the second, third and final year’s Loan amounts.
. Keep the proof of payment of fees and the receipt carefully.
. You may need to approach the branch of the bank from where you intend to take the education loan near your locality and get a loan form, however most of the banks also do accept online applications that can be downloaded and filled up electronically.