- Application and Documentation - Documents Verification - Loan Sanction - Loan Disbursal
The major steps involved in the SBI education loan disbursement process are-
The first step is to fill out the application form and attach all the documents as required.
Application and Documents Submission
The submitted documents are then verified which takes around 7-10 days. Based on these, the loan amount, interest rates and other conditions are determined.
Documents Verification
On successful verification, the bank will issue a loan sanction letter which includes all the terms and conditions of education loan.
Loan Sanction
The SBI education loan disbursement process usually takes 24-48 hours after the applicant confirms the date and mode of disbursement.
Loan Disbursal