Here is a common process to apply for student loan in India...
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It is mandatory to follow these general steps while applying for student loan in India.....
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Research - Search for banks that provide student loans and the one that best fits your interests.
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Eligibility - The next step is to check the eligibility criteria. Every bank has their set of specific criteria
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Documents - Having the documents ready is a plus when applying for the student loan. Check the required document list and prepare accordingly.
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Application Form - Fill the application form and submit it to the particular bank along with the documents.
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Bank Verification - The bank will take a few weeks to verify your application and documents. After the approval, you will receive a sanction letter containing loan information from the bank.
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Disbursement - The bank will process the transfer of money directly to the university or the institution.
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It is mandatory for all applicants to thoroughly read all documents and carefully review the terms and conditions before applying.