How many days take for education loan from SBI?

SBI Education Loan process takes about 2 months to get processed and sanctioned if you go through the process on your own. But when you go through the SBI Education loan procedure with WeMakeScholars, it takes only 15 days!

How long does it take to pay back education loan?

Loan repayment tenure can go up to 12 years after six months from completing the course. Parents should be joint borrowers for the education loan.

How much a month is student loan repayment?

Once you leave your course, you’ll only repay when your income is above the repayment threshold. The current UK threshold is £27,295 a year, £2,274 a month, or £524 a week. For example, if you earn £2,310 a month before tax, you’ll repay £3 a month.

What is moratorium period in SBI education loan?

The repayment tenure offered is up to 15 years after the course has been completed. Collateral security has to be provided by the borrower, equal to the loan amount availed. State Bank of India offers a moratorium period of up to 6 months to begin the repayment of the education loan.

How can I check my education loan status in SBI?

You can visit the SBI website or download the SBI loan app, and under the specific loan product availed by you check the status of your loan product. You will have to enter your reference number and the mobile number registered with the bank to check the status of the loan that you have availed.

How much time does SBI take to approve an education loan?

How much time does SBI take for approving an education loan? Generally education loan processing may take anything between 7 to 10 days from the day of submission of complete loan application with required documents. Best wishes for your studies. How long would it take to approve an educational loan in India?

How do I get reimbursement from a bank for education loan?

You must submit the request immediately since banks do not grant reimbursement after 6 months. You may avail education loan in the middle of your course. For reimbursement of fees already paid, it depends on a bank policies. Generally banks reimburse the fee paid, if you approach them within 1–3 months after payment of fees.

How much time does it take to get an education loan?

Generally education loan processing may take anything between 7 to 10 days from the day of submission of complete loan application with required documents. Best wishes for your studies. How long would it take to approve an educational loan in India?

How many days does it take to sanction an education loan?

Bank retail hubs sanction education loans online in 2/3 days. If one submits required documents in time may be the loan can be released in time. How many days does it takes for a PNB education loan to get sanctioned? If all documents are in place, the approval should come in 5–7 working days.