Education and Career Forum

Sir/madam, am a NIOS student, am writing exam in october., so the results will be in october-november. I hope that i can join in any private colleges in kerala/outside kerala. If am taking loan from a bank, could it wil take time. I hope that there will be any immidiate reply for this

If your application is submitted along with your documents, it can take anywhere between 1-7 days for your personal loan to get approved and a couple of days after that for the disbursement.

In general, if every process of the education loan runs smoothly and there is no problem with your eligibility and documents required for loan approval the education loan can be disbursed within a period of 2 to 3 weeks.

For details regarding different education loan schemes offered by different banks along with their eligibility and features, you can refer to the link www.vidyalakshmi.co.in/Students/index.

Personal loan approval time can take anywhere between a few days to a few weeks and is dependent on the type of lender you choose and their lending policy.

For personal it may takes 1- 7days ,once your application submitted along with your documents.

How long does it take for loan processing?

Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your personal loan to get approved and a couple of days after that for the disbursement. Depending on the type of lender you go with, this timeline may vary.

The sanctioning of an educational loan takes about 15 days. After it has been approved, you will receive a loan agreement that you must sign. Most of the time, banks pay the organization directly or to you. You ought to review the repayment provision.