Education and Career Forum

Hello,
I have a desire to study MBA. I am preparing for various MBA entrance exams. Can you tell me what time it will take to sanction an education loan by bank? Please tell me immediately.

There is no definite time taken by the banks to sanction education loan request. With the involvement of technology especially online transactions, the loan processing has become a fast process. However, the time taken depends on each bank. Usually if all the documents are in place as per bank's orders, an employee from bank will come for verification at your residence, post which loan will be sanctioned. This is usually done within one week so the loan gets sanctioned within one week.