#1  
24th May 2016, 01:31 PM
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Can I get an Education Loan within a week of application submission? How much time is taken to process an Education Loan in Regional Office?


Hi Friends,
I have applied an Education Loan in United Bank of India. My Loan papers is going to the Regional Office from the respective branch. I have booked for Student Visa and the Interview is on next week. Will I get an Education Loan within a week? I want to know how long will the Regional Office takes to process the Education Loan?





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  #2  
26th May 2016, 08:20 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I get an Education Loan within a week of application submission? How much time is taken to process an Education Loan in Regional Office?

The processing speed varies from one bank to another. Hence it depends on the bank from which you are opting for education loan. However, with the advent of technology and internet facilities, now processing speed of banks have increased tremendously. Moreover, banks have become more aggressive to provide faster service to customers. Thus, if you furnish all the documents as per bank's needs and complete all the for, then you can definitely get your education loan sanctioned within a week. Make sure to convey the branch manager of the concerned bank from which you are seeking education loan that you require loan request to be processed within a week.




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  #3  
26th May 2016, 10:08 AM
bhushankumar398
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Join Date: Jun 2013
Posts: 1,246
Default Re: Can I get an Education Loan within a week of application submission? How much time is taken to process an Education Loan in Regional Office?

You have applied for Educational loan in United Bank of India. Your loan papers are going to the regional office. You are interested to know whether your loan is sanctioned within a week or not.

>>Basically Regional office processes the loan papers within 2-3 days and returns it to the respective branch. After this the bank branch will sanction the loan amount. So definitely your loan will be sanctioned within a week.

>>In my opinion it will be better for you to visit to the bank branch after 3-4 days again and get to know whether your loan papers is received to the bank office or not. If it is received from the regional branch then ask the branch office to sanction the loan amount as soon as possible after addressing your problem.




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