Fill out the Student Loan Application Form
Submit the Required Documents
Application Review by the Bank
Pay the Loan to your Educational Institute
You can apply for an educational loan through banks, financial institutions, or directly through the educational institution's loan programs (if available).
Repayment periods can vary but typically range from 5 to 15 years, depending on the loan terms and lender.
If your application is denied, review the reasons provided, address any issues, and consider reapplying or exploring alternative funding options.
Yes, many lenders offer loan consolidation options to combine multiple loans into a single loan with one payment.
In some cases, you may qualify for tax deductions on interest paid on educational loans. Consult a CA/ Auditor/ Tax Advisor for details.