Education and Career Forum

Friends,
What are the verification bank will do as I have applied for an Education Loan for my MBA course? Please help me out about the verification?

Verification process depends on the loan amount. The higher the amount, the complexity of verification process increases. Following verification are done by the bank :-

- Authenticity of the documents submitted concerning college and fee structure.
- Authenticity of income tax and house tax proofs.
- A person from bank will come to your residence for checking the property as well as residential location.
- All signatured documents submitted for education loan.
- Discussion conducted internally by a certain group of bank employees to take the final decision for sanction of the loan or rejection of the loan request.