Education and Career Forum

How to apply for education loan for paying Engineering fees and get placed? Can you please guide me? Am not sure about the steps which I need to follow up. So, it would be really helpful if you can give me the answer for the same. Thank you!

To apply for education loan, first you should have admission letter from any college or university. If you have admission letter, then you should contact any regional bank manager and you should enquire about application procedure and required documents. If you can submit all the required documents with your application, then the bank mamger will definitely approve your education loan.

Required Documents:-
->Admission letter
->Proof of Income
->Proof of identity
->Proof of residence
->10th and 12th standard mark sheets
->And collateral security, if education loan was more than 4 lakhs

Procedure to apply for education loan :-

- Approach any bank close to your permanent residence for loan.
- You need to talk to the branch manger of the concerned bank.
- Take the prospectus of your college and your previous academic records while going for discussion.
- Get to know each and every detail of education loan since some banks hide various clauses.
- If you are satisfied with the discussion and able to comply with the terms and conditions of the bank, then you need to act as per the instructions of the concerned authority to complete all the formalities and get your education loan request sanctioned.