Education and Career Forum

Respected sir, I want to apply for an education loan to study B.Tech at IDBI Bank and Syndicate Bank. How to apply for it? Which bank is good between for an education loan?

You are interested to take an education loan for B.Tech course either from IDBI bank or Syndicate Bank. You want to know which bank is good for taking an education loan. Both Banks are good. In my opinion you have to take education loan from Syndicate Bank. The main reason is that is a nationalized bank so you will get lot of benefit such as less interest rates, interest subsidy (if applicable) etc.

Documents required:

--Xerox copy of the academic qualification

--color photograph

--identity and address proof photocopy

--Registration slip which you got at the time of admission

Following are the procedure you have to follow for applying the education loan:

--firstly visit to nearest bank branch through which you want to take the education loan.

--Fill the form and submit it with relevant documents.

--Your form will be firstly validated with the bank official then after it will be sanctioned
within 15 days after the validation.

--Since you belong to any category such as SC/ST/OBC. Then, submit the Xerox copy of the category certificate then to get interest subsidy too.