Education and Career Forum

I want to study BSc(Hotel Management) after my Higher Secondary. But I want to take an education loan for studying BSc(Hotel Management). So, I want to apply an education loan in IDFC Bank. Kindly let me know what time it will take to approve an education loan in IDFC Bank?

The education loan sanction process in Government bank is slightly protracted as compared to NBFC or private bank and can take upto to 2 months to process loan.

IDFC bank education loan is approved with in 48 hours.
Their interest rates and easy payback options make them appealing .

IDFC FIRST's Bank's education loan is approved within 48 hours for BSc(Hotel Management).
Sometimes it also takes around 15 days for an education loan to be sanctioned. Once it has been sanctioned you will get a promissory note which you will have to sign.

--- Normally, it takes between two to two months for education loan to get process and it will also depend on the candidate and his or her credit score.
Those who have been using the credit card with a good enough credit score get their education loan quite quickly like within 48 hours.
Hence, just make sure all your documents are in order and there is no wrong information given in the application form.

IDFC FIRST Bank's education loan is approved within 48 hours.

IDFC FIRST Bank’s eligibility criteria for student education loan:

• You should be an Indian National (Including NRI)
• You should be 18 years old or above
• You should have secured admission in the desired Institution/Course
• In case secured admission is not available, you can get a pre-admission sanction

°°° It takes around 15 days for an education loan to be sanctioned and once it has been sanctioned you will get a promissory note which you will have to sign.
In most cases Bank pay the institution directly or to you.

You should check the repayment close also of the particular Bank where you want to apply for the education loan.

It totally depends on your documents like if all your documents are correct and in sequence then, you might get loan within 48 hours also.