Education and Career Forum

Hello Friends,
I would be taking admission into MBA course next month. How much time does Banks take to provide me an Education Loan? Please let me know about this as soon as possible.

Different banks have different sport of processing. Hence the time taken to process loan request and sanction varies from one bank to another. With the advent of technology and online transactions, the processing speed has increased a lot and the loan sanctioning takes lesser time nowadays as compared to earlier. Usually loan can be sanctioned within 7-10 working days if all the formalities are completed quickly as per bank's instructions.

The maximum time taken by banks to sanction an Education loan is 15 days after submitting the application form with all supporting documents. Some banks may take less time and some other banks may take more time than 15 days. But, your education loan will be sanctioned within 15 working days after submitting the application form with all supporting documents.

Loan amount of educational loan from sbi disbursed after call letter or visa approval

I have applied for education loan of my son dated 13/08/2019 , all process completed but still till today I have not received call from SBI bank

Originally Posted by Unregistered

I have applied for education loan of my son dated 13/08/2019 , all process completed but still till today I have not received call from SBI bank

As you have applied for Education loan 2 months ago and you have not received any call from Bank so you should visit the branch in which you have submitted your document and ask the Manager about it as the time taken by bank is from 15-20 days in granting the education loan.

I am applied for my education loan dated 21-12-19.all process completed .when get education loan.i try to go for UK.last date of payment is 3 January.