Education and Career Forum

Hello Sir,
I am qualifying the MBBS entrance exam
and I got seat for MBBS then how much time
is taking to get the Education Loan from Bank?
I want to apply for Education Loan for my MBBS.
Please help me to know about this.

Originally Posted by Unregistered

Hello Sir,
I am qualifying the MBBS entrance exam
and I got seat for MBBS then how much time
is taking to get the Education Loan from Bank?
I want to apply for Education Loan for my MBBS.
Please help me to know about this.

Applying for educational loan for higher studies has become one of the hassle free jobs. Nationalized banks approve or reject education loan within 3-4 working days whereas private banks or companies take almost 5-6 working days.

Working days can be reduced if you have listed all the documents properly. As you are looking for educational loan, try arranging below documents which are general even if you are applying for loan either from private banks or nationalized banks.

Documents checklist are:

• Education Loan Application Form.
• Proof of admission scholarship, studentship etc.
• 2 passport size photographs.
• Expenses for the specified course.
• Mark sheets of last qualifying examination.
• PAN Card of the student and the Parent.
• Income tax Returns of last 2 years.
• Proof of Income.
• Borrower's Bank account statement for the last 6 months.
• Brief statement of assets and liabilities of the Co-borrower.

Originally Posted by Unregistered

Hello Sir,
I am qualifying the MBBS entrance exam
and I got seat for MBBS then how much time
is taking to get the Education Loan from Bank?
I want to apply for Education Loan for my MBBS.
Please help me to know about this.

The time taken for the sanctioning of the Education loan depends on the bank and the client negotiation skill. The better you negotiate the fast you get the Loan. So, after applying the loan you have to keep an eye onto the manager for the fast sanctioning of the Loan.