Education and Career Forum

Sir,
I want to know that if my Education Loan is sanctioned then the money will come to my Bank Account? Kindly tell me about this as soon as possible.

Educational loan is provided by the banks to the students who get admission in any professional course.

**When you apply for the educational loan, bank opens a loan account in which loan amount is credited. So, you do not get the money into your bank account. When you need some amount from the loan amount for paying the tuition fee of the college, you have to write an application to the bank for this.

**Bank provides this amount after making a demand draft (DD) in the favor of college. Bank will not provide any amount of educational loan to you directly or indirectly.