Do you want to know how long does it take to process a student loan? If yes, then this article will help you to find out the answer.
There are a lot of people who are confused about the processing time of student loans, but there is no need to worry because we are here to help you.
So, let’s start our journey together.
Processing Time of Student Loans
If you are an undergraduate and want to apply for the student loan, then you can easily apply for the loan by using the online application form. There is no need to go to the bank and fill the application form. The entire process is done online and you can get your approval letter in a few days.
On the other hand, if you are an MBA or post graduate student, then you can apply for the loan directly from the university where you are studying. You can also apply for the loan from any financial institution like SBI, HDFC, ICICI, Axis Bank, Kotak Mahindra etc.
The entire process will take at least 3 weeks to complete.
If you have any doubts about the processing time of the loan, you can ask the bank and they will provide you with the exact processing time.
How to Get the Processing Time
If you want to know the exact processing time of the loan, then you need to follow the steps below.
Log into your online banking account
Click on the link that says “Check My Loan Status”
Enter the amount of the loan
Click on the link that says “Processing Status”
Conclusion:
In this article, I have shared with you how long does it take to process a student loan. If you are a student and want to apply for a student loan, then you can easily apply for the loan online by using the application form.