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#1
23rd February 2016, 04:23 PM
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Does Bank offer whole amount of course fee against an education loan?
Respected Sir,
I am really confuse to know that if I apply for an education loan and the bank will pass my loan amount then they will provide me the whole amount which I would apply which is the course fee? Kindly let me know how they will provide the amount? Waiting for your reply. |
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#2
27th February 2016, 08:39 PM
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Re: Does Bank offer whole amount of course fee against an education loan?
No, the bank will not offer the entire education loan amount at one time disbursement. It will offer the loan amount as per the fee structure of the college. Every time the college will ask for fees to be deposited you need to write an application to the bank to disburse the concerned amount from the sanctioned loan amount. The bank will accept your application and disburse the amount in the account mentioned in your application.
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