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Education Loan Process

Education Loan: Process: Overview

The education loan process is relatively simple. One can also apply for a loan online and get a loan sanctioned in principle. One can visit a bank branch for further formalities to be completed. The loan process is as follows:

  • Filling in the loan application form.
  • Personal Discussion.
  • Provide validated supporting documents.
  • Stage of loan approval or denial.
  • Borrower's signature on a Promissory Note.
  • Loan disbursal.

Education Loan: Process: Basics

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Education Loan: Process: Did you know...?

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Decision-making Corner

This tool will help you compare various education loans available in the market.          
This calculator tells you what is more advantageous - a floating rate or a fixed rate - for your loan.
Use our loan EMI calculator to calculate what your EMI could be for a give rate of interest.
Use this calculator to find out how your loan EMI is apportioned into principal and interest components for the loan tenure.
Use this calculator to find out how much interest you are paying on your loan.

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