Education and Career Forum

Respected Sir, I am going to apply an education loan in Oriental Bank of Commerce for my BDes course. I have a Savings Account in this Bank. So, can you please let me know how they disburse the amount which is allotted in the education loan?

As soon as the loan is granted by bank , they start to disburse the loan within due date set by college.
It's generally disbursed within 120 days of sanction of loan depending on cancellation period set by bank.
The disbursement process doesn't commence immediately, students have to submit a letter stating the method of payment of tution fees by their respective universities.