{"id":10306,"date":"2024-02-24T16:49:54","date_gmt":"2024-02-24T11:19:54","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=10306"},"modified":"2024-02-24T19:19:35","modified_gmt":"2024-02-24T13:49:35","slug":"idfc-first-bank-education-loan-disbursement","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/","title":{"rendered":"IDFC First Bank Education Loan Disbursement: Process and Documentation"},"content":{"rendered":"\n<p>IDFC First Bank offers easy financing for pursuing higher education in India or abroad. Understanding aspiring students\u2019 ambitions and needs, the bank provides education loans of up to INR 50 lakhs without collateral and INR 1 crore with collateral. What makes this bank the most preferable choice among students are the attractive interest rates starting from 9% p.a., faster loan sanctioning, and hassle-free <strong>education loan disbursement process<\/strong>. Here\u2019s an overview of IDFC First Bank education loans-&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>Quantum of Finance<\/td><td>Up to INR 50 lakhs (without collateral)<br>Up to INR 1 crore (with collateral)<\/td><\/tr><tr><td>Interest Rates<\/td><td>9%-15% p.a.&nbsp;<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>Up to 15 years<\/td><\/tr><tr><td>Other Benefits<\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/income-tax-rebate-on-education-loan\/\"><strong>Income Tax Rebate on Education loans<\/strong><\/a><strong> <\/strong>under Section 80E<br>Up to 100% financing<br>Education financing at your doorstep&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-education-loan-disbursement-process-nbsp\" data-level=\"2\">Education Loan Disbursement Process&nbsp;<\/a><\/li><li><a href=\"#h-idfc-first-bank-education-loan-disbursement-process\" data-level=\"2\">IDFC First Bank Education Loan Disbursement Process<\/a><ul><li><a href=\"#h-phase-1-before-disbursement\" data-level=\"3\">Phase 1: Before Disbursement<\/a><\/li><li><a href=\"#h-phase-2-during-disbursement\" data-level=\"3\">Phase 2: During Disbursement<\/a><\/li><li><a href=\"#h-phase-3-post-disbursement\" data-level=\"3\">Phase 3: Post Disbursement<\/a><\/li><\/ul><\/li><li><a href=\"#h-documents-required-for-idfc-first-bank-education-loan-disbursement-process\" data-level=\"2\">Documents required for IDFC First Bank Education Loan Disbursement Process<\/a><\/li><li><a href=\"#h-faqs-on-idfc-first-bank-education-loan-disbursement-process\" data-level=\"2\">FAQs on IDFC First Bank Education Loan Disbursement Process<\/a><\/li><\/ul><\/div>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: If you are planning to avail an education loan from PNB Bank, check out our blog to understand the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-education-loan-disbursement-process\/\"><strong>PNB Bank Education Loan Disbursement Process<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-education-loan-disbursement-process-nbsp\"><span id=\"education-loan-disbursement-process\">Education Loan Disbursement Process&nbsp;<\/span><\/h2>\n\n\n\n<p>Let\u2019s begin by understanding what loan disbursement means. Well, it is the transfer of funds from the lender to the borrower. In this step, the loan amount borrowed is credited and can now be used to cover the expenses. Usually, when a loan is taken to pursue higher education, most banks transfer or release the funds into the university\u2019s account on behalf of students, instead of personal accounts.<\/p>\n\n\n\n<p>Education loan disbursement can take place in instalments throughout the academic year or in lump sums, which are utilised to cover costs like tuition fees, accommodation expenses, and other related study-abroad expenses.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-idfc-first-bank-education-loan-disbursement-process\"><span id=\"idfc-first-bank-education-loan-disbursement-process\">IDFC First Bank Education Loan Disbursement Process<\/span><\/h2>\n\n\n\n<p>Consider Mahesh, a student aspiring to pursue higher education in the UK, who decides to avail of an education loan from IDFC First Bank. He follows the subsequent steps involved in availing an education loan from the bank, which includes filling out the application form, submitting the required documents, signing the loan sanction letter, and finally loan disbursement. Now, let us understand the IDFC First Bank education loan disbursement process which takes place in 3 phases:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phase-1-before-disbursement\"><span id=\"phase-1-before-disbursement\">Phase 1: Before Disbursement<\/span><\/h3>\n\n\n\n<p><strong>Step 1: Filling out to Application Form&nbsp;<\/strong><\/p>\n\n\n\n<p>In the first step, Mahesh begins his journey by filling out the application form. This can be done either by visiting the nearest IDFC Bank branch office or online through the bank&#8217;s official website. He also submits necessary documents related to address proof, income proof, academic records, and an acceptance letter from the university.&nbsp;<\/p>\n\n\n\n<p><strong>Step 2: Verification of Documents<\/strong><\/p>\n\n\n\n<p>After applying, Mahesh waits for the bank to verify his details. This step includes verification of documents submitted like mark sheets for academic records, demand\/ acceptance letters from the university, and documents related to address, income, identity, and collateral. This process usually takes a few days as the bank verifies documents based on various factors like credit history and course details.<\/p>\n\n\n\n<p><strong>Step 3: Deciding the Loan Amount&nbsp;<\/strong><\/p>\n\n\n\n<p>Upon successful verification of documents by the bank, IDFC First Bank assesses Mahesh\u2019s <a href=\"https:\/\/fly.finance\/blog\/education-loan\/eligibility-criteria-for-education-loans\/\"><strong>eligibility criteria<\/strong><\/a> and determines the loan amount based on the course fees and living expenses. This step also includes a discussion on deciding the interest rates, repayment period, moratorium period, and other necessary terms and conditions.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Step 4: Signing the Loan Sanction Letter<\/strong><\/p>\n\n\n\n<p>Once the loan amount is decided, Mahesh will receive an <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-sanction-letter\/\"><strong>education loan sanction letter<\/strong><\/a> from IDFC First Bank. This document outlines the final terms and conditions of the loan stating the agreed rate of interest, repayment schedule, and other important details.&nbsp;<\/p>\n\n\n\n<p><strong>Step 5: Finalizing Loan Agreement<\/strong><\/p>\n\n\n\n<p>After carefully reviewing the terms mentioned in the sanction letter, Mahesh proceeded to finalize the loan agreement with the bank. A loan agreement is an important document which is a formal contract outlining a clear understanding of the applicant\u2019s responsibilities and obligations.&nbsp;<\/p>\n\n\n\n<p>In this step, Mahesh needs to sign the loan agreement letter for the bank to commence the disbursement process.&nbsp;<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Going abroad for studies? Check out this useful information on <\/strong><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/how-currency-exchange-rates-are-calculated\/\"><strong>how the exchange rates are calculated<\/strong><\/a><strong> and stay informed while exchanging currency abroad.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phase-2-during-disbursement\"><span id=\"phase-2-during-disbursement\">Phase 2: During Disbursement<\/span><\/h3>\n\n\n\n<p><strong>Step 6: Formal Request for Disbursement&nbsp;<\/strong><\/p>\n\n\n\n<p>After having signed the education loan agreement and sanction letter, Mahesh initiates the disbursement process by submitting a formal request to IDFC First Bank in this step. This request includes the <strong>submission of documents (list discussed in detail at the end) <\/strong>of the final course fee structure and any other associated expenses.<\/p>\n\n\n\n<p><strong>Step 7: Verification of Final Documents<\/strong><\/p>\n\n\n\n<p>The bank conducts a final verification of all submitted documents, ensuring that everything aligns with the agreed terms. Mahesh remains in close contact with the bank during this phase to address any additional requirements promptly.<\/p>\n\n\n\n<p><strong>Step 8: Deciding Disbursement Details<\/strong><\/p>\n\n\n\n<p>IDFC First Bank, after thorough verification, contacts Mahesh to decide on the disbursement amount, date, and method (<a href=\"https:\/\/fly.finance\/blog\/money-transfer\/wire-transfer-vs-forex-card\/\"><strong>wire transfer or forex transfer<\/strong><\/a>).&nbsp;<\/p>\n\n\n\n<p><strong>Step 9: Fund Transfer<\/strong><\/p>\n\n\n\n<p>On the agreed date, amount and method of disbursement, IDFC First Bank transfers the sanctioned loan amount to the university\u2019s account (tuition fees and on-campus accommodation funds), ensuring that Mahesh&#8217;s financial needs for his education in the UK are met.<\/p>\n\n\n\n<p><strong>Please Note:<\/strong> If Mahesh opts for off-campus accommodation, then that amount will be transferred to his account. The bank might also consider transferring off-campus living expenses to the university only. In such a case, Mahesh will have to coordinate with the university regarding receiving those funds to pay for rentals<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phase-3-post-disbursement\"><span id=\"phase-3-post-disbursement\">Phase 3: Post Disbursement<\/span><\/h3>\n\n\n\n<p><strong>Step 10: Disbursement Support<\/strong><\/p>\n\n\n\n<p>Post disbursement, Mahesh receives ongoing support from IDFC First Bank. The bank facilitates the transfer of funds in multiple instalments as required, aligning with the academic calendar and his financial needs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required-for-idfc-first-bank-education-loan-disbursement-process\"><span id=\"documents-required-for-idfc-first-bank-education-loan-disbursement-process\">Documents required for IDFC First Bank Education Loan Disbursement Process<\/span><\/h2>\n\n\n\n<p>As discussed above in Step 6, Mahesh needs to provide certain documents to initiate the education loan disbursement process along with submitting a formal request to IDFC First Bank. Here is the list of documents (in detail) that must be submitted as proof of study-abroad expenses, as based on these documents, the bank ascertains the loan disbursal amount.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>An acceptance letter from a university or college<\/li>\n\n\n\n<li>Accommodation fee breakup (in case of on-site accommodation)<\/li>\n\n\n\n<li>Rent agreement documents (in case of off-site accommodation)<\/li>\n\n\n\n<li>Guess estimate of average living costs like food, clothing, electronic gadgets, books, and other study materials<\/li>\n\n\n\n<li>Guess the estimate of miscellaneous expenses including health insurance, travel costs, study aids, and incidental expenses.&nbsp;<\/li>\n\n\n\n<li>The self-attested final loan agreement<\/li>\n\n\n\n<li>Disbursement request form signed by the applicant and co-applicant<\/li>\n\n\n\n<li>Receipt of margin money paid to the college\/university along with the bank statement reflecting the transaction<\/li>\n\n\n\n<li>Submit the original KYC documents for the student, co-applicant, and guarantor (if applicable).<\/li>\n\n\n\n<li>Complete two copies of the ECS mandate form, ensuring it is signed and stamped by your bank. One copy should be submitted to the bank manager for record-keeping after determining the disbursement date.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Read: Know all about how to apply for a <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/vidya-lakshmi-portal-union-bank-of-india\/\"><strong>Union Bank Education Loan through Vidya Lakshmi Portal<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-idfc-first-bank-education-loan-disbursement-process\"><span id=\"faqs-on-idfc-first-bank-education-loan-disbursement-process\">FAQs on IDFC First Bank Education Loan Disbursement Process<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1708770293180\"><strong class=\"schema-faq-question\"><strong>How long does it take to get an IDFC First Bank education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">IDFC First Bank is known for its faster loan sanctioning and disbursement process. It may disburse the loan amount within one hour under special cases.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1708770294848\"><strong class=\"schema-faq-question\"><strong>How is the IDFC First Bank Education loan disbursement process?<\/strong><\/strong> <p class=\"schema-faq-answer\">IDFC First Bank has an efficient and streamlined education loan disbursement process, making it one of the preferred choices among students to avail of IDFC First Bank education loans to study abroad.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1708770295912\"><strong class=\"schema-faq-question\"><strong>How is IDFC First Bank&#8217;s education loan disbursed?<\/strong><\/strong> <p class=\"schema-faq-answer\">After submitting the disbursement-related documents, the bank will issue the disbursement letter stating the amount, date and method of disbursement. On signing it, the bank will disburse the funds directly to the university\u2019s account.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1708770297034\"><strong class=\"schema-faq-question\"><strong>What are the documents required for the IDFC First Bank education loan disbursement process?<\/strong><\/strong> <p class=\"schema-faq-answer\">The following documents must be provided by the students to ensure a hassle-free IDFC First bank loan disbursement process\u2013 the university\u2019s offer letter with a stated fee structure, accommodation fee break up, rent agreement documents, an estimate of average living costs and miscellaneous expenses.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1708770297962\"><strong class=\"schema-faq-question\"><strong>Can I get the education loan amount in my personal bank account?<\/strong><\/strong> <p class=\"schema-faq-answer\">All the major expenses such as tuition fees, accommodation costs etc. are transferred directly to the university\u2019s account on behalf of the student. If the loan amount covers off-campus accommodation, then the amount for the same may get transferred to the student\u2019s account.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about the IDFC First Bank Education Loan Disbursement Process. Following the above-mentioned steps will help an applicant experience a smooth and transparent education loan disbursement process with IDFC First Bank, enabling all aspiring students to pursue their global dreams without any financial stress.<\/p>\n\n\n\n<p>To know more about the <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/\">education loan<\/a> <\/strong>application process, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/haryana-government-education-loan-scheme\/\"><strong>Haryana Government Education Loan Scheme To Study Abroad<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/faqs-on-personal-loans-for-debt-consolidation\/\"><strong>FAQs on Personal Loans for Debt Consolidation<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/faqs-on-education-loan-repayment\/\"><strong>FAQs on Education Loan Repayment<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" 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c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\"><a href=\"https:\/\/www.facebook.com\/Flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>IDFC First Bank offers easy financing for pursuing higher education in India or abroad. Understanding aspiring students\u2019 ambitions and needs, the bank provides education loans of up to INR 50 lakhs without collateral and INR 1 crore with collateral. What makes this bank the most preferable choice among students are the attractive interest rates starting &#8230; <a title=\"IDFC First Bank Education Loan Disbursement: Process and Documentation\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/\" aria-label=\"Read more about IDFC First Bank Education Loan Disbursement: Process and Documentation\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":10309,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-10306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IDFC First Bank Education Loan Disbursement: Process and Documentation<\/title>\n<meta name=\"description\" content=\"Check here all about IDFC First Bank education loan disbursement process. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770293180","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770293180","name":"How long does it take to get an IDFC First Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IDFC First Bank is known for its faster loan sanctioning and disbursement process. It may disburse the loan amount within one hour under special cases.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770294848","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770294848","name":"How is the IDFC First Bank Education loan disbursement process?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IDFC First Bank has an efficient and streamlined education loan disbursement process, making it one of the preferred choices among students to avail of IDFC First Bank education loans to study abroad.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770295912","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770295912","name":"How is IDFC First Bank's education loan disbursed?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"After submitting the disbursement-related documents, the bank will issue the disbursement letter stating the amount, date and method of disbursement. On signing it, the bank will disburse the funds directly to the university\u2019s account.\u00a0","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770297034","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770297034","name":"What are the documents required for the IDFC First Bank education loan disbursement process?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The following documents must be provided by the students to ensure a hassle-free IDFC First bank loan disbursement process\u2013 the university\u2019s offer letter with a stated fee structure, accommodation fee break up, rent agreement documents, an estimate of average living costs and miscellaneous expenses.\u00a0","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770297962","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/idfc-first-bank-education-loan-disbursement\/#faq-question-1708770297962","name":"Can I get the education loan amount in my personal bank account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"All the major expenses such as tuition fees, accommodation costs etc. are transferred directly to the university\u2019s account on behalf of the student. If the loan amount covers off-campus accommodation, then the amount for the same may get transferred to the student\u2019s account.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=10306"}],"version-history":[{"count":2,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10306\/revisions"}],"predecessor-version":[{"id":10347,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10306\/revisions\/10347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/10309"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=10306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=10306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=10306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}