Education and Career Forum

Hi,
Can anyone of you kindly tell me what benefits I will get if I apply an Education Loan from Allahabad Bank? I want to get an Education Loan for studying MBA. Kindly tell me also the drawbacks of this Bank's Education Loan scheme. Waiting for your reply!

Benefits of education loan from Allahabad Bank :-

- Since customer base is not very large, so loan processing will be faster.
- Since it is PSU bank, so one can get benefit from various government policies.
- Since customer base is not very large, so loan sanction is a bit easy.

Drawbacks of education loan :-

- The number of branches are not very high so they cannot be found everywhere across India.
- Since it is a PSU bank, so there might be additional formalities which you need to complete pertaining to government terms and conditions.