If I get an education loan, can I proceed with the application after the loan amount is clear?
Yes, you can proceed with your university application once your education loan is sanctioned or you have the sanction letter - there’s no need to wait for the full loan amount to be disbursed.
Typically, you secure admission first, then apply for the loan using your admission letter. The loan is usually disbursed in installments as per the university’s fee schedule, not all at once.
Make sure your loan process is on track to meet any university payment deadlines.
Will you qualify for an education loan?
Collateral, co-applicant income and repayment. Check your eligibility in minutes.
More Cost & living questions
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- Does the agency provide end-to-end services including visa, loan guidance, and accommodation?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- How do I get an education loan for an MBA abroad as an Indian student?
- What is the minimum budget required for studying abroad in Canada or Ireland for two years?
- Are you helping with educational loans or bank loans for studying abroad in UK/Ireland for a Master's?
- Can I apply for an education loan up to 30 to 35 lakhs or 30 to 40 lakhs budget?
- What are the tuition fees for studying in Germany for a Master's/Bachelor's?
