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Once your education loan is sanctioned and you have got the big ticket to your dream college, you must be wondering how will bank give cash ? How is the loan amount disbursed? Below points would help you understand the same:
» There is no bank that gives cash instead fees is paid directly to the institute or college in which the applicant
is enrolled.
» Regarding payment of mess fees as well as hostel charges the amount is given directly to the concerned
agency.
» Likewise for studies abroad the amount for airfare is given directly to the airlines.
» For purchasing of books and equipments some banks give a certain amount of money on monthly basis directly to
the student.