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  #1  
25th November 2017, 06:41 PM
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Is it possible for the bank to disburse 7 lacs in my savings account after the loan letter is sanctioned?


I had applied for education loan from UCO bank to study abroad. My education loan covers my college tuition fees along with one year accommodation cost. As per VFS Kolkata rules, I have to show 7 lacs. As my first year's accommodation cost in my savings account. So I want to know, is it possible for the bank to disburse 7 lacs in my savings account after the loan letter is sanctioned? I am going to France for my bachelors study.




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  #2  
25th November 2017, 07:43 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Is it possible for the bank to disburse 7 lacs in my savings account after the loan letter is sanctioned?

No, it is not possible for the bank to disburse 7 Lacs in your saving account even after the loan letter is sanctioned. If you have to show 7 Lacs to VFS Kolkata then, you can tell them that you have taken an education loan and you can show them the loan sanction letter. The maximum amount of education loan offered for higher studies in Abroad is 20 lakhs.
Do you have any question? or have anything to say?



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Thread Replies Last Post
Possibility to get Education Loan of Rs. 12 Lacs to study in Abroad for a candidate who has taken Personal Loan and having Credit Card with HDFC Salary Bank Account? 1 6th April 2023 08:38 AM
Can I apply for Bank Education Loan of Rs. 12 Lacs if taking Personal Loan of Rs. 1 Lacs and having Credit card bill of Rs. 1 Lacs? 2 23rd June 2017 04:38 PM
Eligibility to get an Education Loan for a candidate having State Bank of Indian Savings Account since last 7 years? Conditions to apply an Education Loan? 1 12th January 2016 10:47 PM
What is the eligibility to get an Education Loan for a candidate having State Bank of Indian Savings Account since last 7 years? Conditions to apply an Education Loan? 2 2nd January 2016 07:45 PM
How can I get Education Loan of Rs. 22 Lacs to study MS in USA if Bank sanctioned only Rs. 20 Lacs? 2 25th December 2015 07:48 PM


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