Compare interest rates, terms, and conditions of various banks.
Ensure you meet the bank’s criteria—usually, you need to be an Indian citizen with admission to a recognized institution, and have a co-applicant with a stable income.
Collect necessary documents like admission letter, identity proof, academic records, and income proof of the co-applicant.
Calculate the total education cost, including tuition and living expenses. Banks often cover up to 100% of these costs.
For higher amounts, you might need to provide collateral like property or fixed deposits.
Complete and submit the application form along with the required documents, either online or at the bank.
The bank will verify your application and, if approved, issue a sanction letter with details.
The loan amount is disbursed directly to the institution or as required.