#1  
31st December 2015, 02:06 PM
Unregistered
Guest
 
Posts: n/a

Can I apply for an Education Loan if opened Bank Account in State Bank of India about a month ago?


Dear Friends,

I have newly opened my Bank account a month ago in State Bank of India. So, can I apply for an Education Loan? I want to secure admission in MBA course. Will they sponsor me an education loan? Who can provide me the information on this now?





Related Questions:
  1. Is it necessary to have a Bank Account to apply for an Education Loan?
  2. What is the eligibility to get an Education Loan for a candidate having State Bank of Indian Savings Account since last 7 years? Conditions to apply an Education Loan?
  3. Should I have to open Student Account in Bank of India to apply for Education Loan if already have a Saving Account?
  4. Is it necessary to have a Bank Account to apply for an Education Loan?
  5. Can I apply for Education Loan in State Bank of India if going to study MBA in IIPM?
  6. Bank Education Loan scheme of SBI, Bank of India and Bank of Baroda to study MBBS course of Rs. 350000 p.a. fee expense?
  7. What to do if Bank says that they do not provide loan?
  8. How can I apply to get Education Loan from Indian Bank to study B.Tech? Interest rates charges against Education Loan?
  9. Can i get education loan from SBI for studying in Sinhagad Institute of Pharmacy?
  10. List of Banks which offer Education Loan of Rs. 16 Lacs for Commercial Pilot Training?
  11. Can I apply for Education Loan for higher education if completed B.E. with Bank Education Loan?
  12. Is it necessary to apply for an Education Loan from same Bank if pursuing B.Tech through SBI Education Loan?
  13. Procedure and terms & conditions to apply for Education Loan in Bank of India to study MBBS course?
  14. Whether Bank incur Internship expenses if pursuing MBA through Education Loan?
  15. Details of State Bank of India EMI scheme against Education Loan for study MBA?
  16. Interest rates charges against Education Loan by Andhra Bank for B.Tech course? Documents required to apply for Education Loan?
  17. How many banks are associated with State Bank of India? -- [Most Discussed]
  18. Education Loan scheme of Bank of Baroda to study B.Tech course?
  #2  
31st December 2015, 10:59 PM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I apply for an Education Loan if opened Bank Account in State Bank of India about a month ago?

Yes, you can definitely apply for education loan. There is no problem if you had opened account one month back. It will not affect the sanctioning of your education loan. You can get education loan even if you open account just before the sanctioning of the loan. There is no time span for account opening in the bank in order to avail education loan. You need to comply with the terms and conditions of the education loan and complete all the necessary norms to avail the education loan.
  #3  
1st January 2016, 12:17 AM
ME471
Senior Member+++++
 
Join Date: Mar 2015
Location: Kurukshetra
Posts: 5,351
Default Re: Can I apply for an Education Loan if opened Bank Account in State Bank of India about a month ago?

Yes, you can apply for the education loan even with a fresh account, because at the time of sanction your education loan your loan account is opened separately. You must have to show two guarantor for your loan account. After completing all the formalities of the bank bank will sanction your education loan and gave you a draft of complete fee to the institute bank account address. You can not apply for the cash payment under education loan.
  #4  
1st January 2016, 12:18 AM
aashisranjan784
Senior Member+++++
 
Join Date: Sep 2012
Posts: 7,209
Default Re: Can I apply for an Education Loan if opened Bank Account in State Bank of India about a month ago?

Yes, you can apply for Education loan if you have opened a bank account in State Bank of India one month ago. Even recent account holders are eligible for education loan. You can register yourself by providing your personal details at official website of India's one and only education loan portal.

You can register yourself at http://https://www.vidyalakshmi.co.in/Students/.

Within few days, banks will respond what amount of loan at what rate of interest can be sanctioned to you. Now getting education loan has become much easier with opening of this education loan portal.
Reply With Quote
  #5  
1st January 2016, 07:57 AM
bhushankumar398
Senior Member++
 
Join Date: Jun 2013
Posts: 1,303
Default Re: Can I apply for an Education Loan if opened Bank Account in State Bank of India about a month ago?

Yes, definitely you can apply for the educational loan. Since, you have already opened an account in the State Bank of India. Itís better for you to take the educational loan from the SBI. It will definitely provide you educational loan not only this you have an advantage of lowest interest rate too in comparison to other banks.

Following are the procedures you have to follow for this:

--Visit to nearest branch or branch of SBI in which you have opened the account.

--Fill the form mentioning the tuition fee, hostel fee etc. and submit it with relevant documents such as admission slip, color photo, Xerox copy of previous academic qualification etc.

--After validating from the bank, your loan will be sanctioned within 15 days.

--When you withdraw the amount from the education loan account, interest will be computed from that day.
Reply With Quote
  #6  
2nd January 2016, 12:10 AM
Prince8645
Senior Member+
 
Join Date: Oct 2015
Posts: 893
Default Re: Can I apply for an Education Loan if opened Bank Account in State Bank of India about a month ago?

Yes, of course, you can apply for Education loan even if you have opened a bank account in State Bank of India about a month ago.

Even candidates who do not have bank account are advised first to open an account in concerned branch of Bank from which you wish to take Education Loan. Yes, they will sponsor you for your professional course.

You can register at India's Education Loan portal and through a single form, you can apply to multiple banks for loan. However as you are interested to take loan from State Bank of India, you can select SBI only.

Official link of Loan portal: http://https://www.vidyalakshmi.co.in/Students/
Reply With Quote
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
Eligibility to get an Education Loan for a candidate having State Bank of Indian Savings Account since last 7 years? Conditions to apply an Education Loan? 1 12th January 2016 10:47 PM
Can I apply for an Education Loan if opened Bank Account in State Bank of India about a month ago? 1 2nd January 2016 11:55 PM
What is the eligibility to get an Education Loan for a candidate having State Bank of Indian Savings Account since last 7 years? Conditions to apply an Education Loan? 2 2nd January 2016 07:45 PM
Should I have to open Student Account in Bank of India to apply for Education Loan if already have a Saving Account? 1 8th April 2015 02:48 PM
Can I apply for Education Loan in State Bank of India if going to study MBA in IIPM? 1 7th April 2015 03:49 AM



Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
vBulletin Optimisation by vB Optimise.
Please also check: