Step-by-Step SBI Bank Education Loan Disbursement Process

SBI Bank education loan disbursement is a hassle-free process. It may get processed within 24-48 hours subject to terms and conditions. 

Step 1: Application & Documentation

Fill out the education loan application form and submit documents like admission proof, cost estimates, academic records, and ID and address proofs. 

SBI will verify the documents submitted and identify the education loan amount that the student is eligible for based on academic and income documents.  

Step 2: Document Verification

Bank will provide a loan sanction letter stating the loan amount, repayment period, and other terms and conditions of the education loan. The applicant needs to sign it. 

Step 3: Sign Loan Sanction Letter

Students need to provide a list of expenses to the bank for them to initiate the disbursement process. Once done, SBI will directly transfer the funds to the university. 

Step 4: Disbursement Process

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