Education and Career Forum

Hello, I want to study BTech and for this I need to apply an education loan. My friend has an account in Nainital Bank but I don’t. However we both want to apply an education loan in this bank. So, for me, Nainital Bank will provide an education loan? Or is it necessary to have an account in this Bank for applying an education loan?

Having an account will be necessary, once you have got education loan cleared from the bank. At present, if you are not having an account, then no need to worry.

If you are eligible for education loan after complete verification by the bank, then you can open an account without any issues.

No, it is not necessary to have an account in Nainital Bank to apply for an education loan for pursuing B.Tech course. Candidates who have secured admission to B.Tech course in a recognised college/ university are eligible to apply for an education loan in Nainital Bank. If your education loan is approved by Nainital Bank, then the bank will automatically open you a Account. You have to submit the documents like Admission Letter, Income Proof, Address Proof, Identity Proof, etc., to bank for processing your education loan.