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  #1  
3rd November 2016, 06:13 PM
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Whether State Bank of Hyderabad sanction whole required amount under Education Loan policy?


If I apply an Education Loan of amount Rs. 7 Lacs for my MBA program from State Bank of Hyderabad then they will sanction the whole amount means total Rs. 7 Lacs they will sanctioned? Please let me know about this.




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  #2  
6th November 2016, 10:50 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Whether State Bank of Hyderabad sanction whole required amount under Education Loan policy?

Yes, State Bank of Hyderabad will sanction the entire amount of 7 lakhs if you apply for 7 lakhs. However, you need to show the bank that the study expense of your MBA program is 7 lakhs. If it is, then the amount will be sanctioned provided you comply with the terms and conditions of the education loan and complete all formalities as per instructions from the bank. If not, then the bank will sanction only the amount which is required for your study expense.
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