#1  
18th July 2016, 02:50 PM
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Benefits and drawbacks of Allahabad Bank Education Loan scheme?


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!




  #2  
23rd July 2016, 11:26 PM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Benefits and drawbacks of Allahabad Bank Education Loan scheme?

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.
Do you have any question? or have anything to say?



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