I have taken an educational loan with SBI. To be honest I am unhappy with the service offered by them. They took about 2 monthâ??s of time to process the request. Even their branch response is not good. We have to wait on a long que to reach the counter. Actually, there are about 4 counters at the Branch. Out of which 2 counters would be closed most of the time. We have to wait about half an hour or one hour of time to draw a DD.

Thank you for your vote

Thanks, you've already rated this review

You just need to get a letter from the district collector to make the education loan process fast. They give great customer support for all the people. This is the nice service in SBI All the students should get benefit from this service Thanks Shashi

Thank you for your vote

Thanks, you've already rated this review

Six year ago I have taken educational loan and almost I completed all the EMI where only one is pending. I cannot recall the interest rate now but the offered rate was affordable. Employees of Andhra bank helped me very much and the bank is very near to my house so it was easy to complete all the formalities. For documentation, my father had submitted financial papers and they asked my KYC and more than that my institution details. Loan amount was transferred to the institute and the amount that we have spent was credited in our account.

Thank you for your vote

Thanks, you've already rated this review

For educational loan the interest rate is 14.5% in SBI and the term period is 7 years. Almost I have completed the tenure and 5 EMI is more to pay. There were lots of procedure in releasing the loan as it took a month. SBI is poor in customer service but the the interest rate is as per the market. SBI is lacking in transparency so they have to improve on it and have to process the loan in a short period of time.

Thank you for your vote

Thanks, you've already rated this review

I would recommend you to stay uneducated than to go for Credila Education Loan. They promise some interest rate and then during loan sanction give a much higher interest rate citing some very stupid reasons. By the time this happens you wont have enough time to approach another bank and you will be stuck with their high interest rate loans. Second, Mr. Sameer Gaikwad is the most incompetent man I have ever seen. Just try getting timely service from this man, BTW, he heads the Pune office, not sure how someone who just doesn't want to help or provide any service is made the head of a branch!! Third, the service is good only till you disburse your loan, once you are trapped then the service is worse than a Government office again Mr. Sameer Gaikwad leads here. For every small request like knowing your current balance or why the interest rate was suddenly increased he will ask you all kinds of personal information (financial and other personal) To Summarize DO NOT TAKE THIS LOAN

Thank you for your vote

Thanks, you've already rated this review

The services provided by Punjab National bank are student friendly. I took the educational loan in the year 2003 and the total tenure was for 5-6 years. The benefit is that if the student does not get any job after their studies the loan can be paid by the parents without any interest for it. At the time when I opted the loan there were a lot of offers . They provide the cheques and the updates on time. The customer support was very good. The interest rate was 7.55% which is reasonable. There was no issues in availing and closing the loan.

Thank you for your vote

Thanks, you've already rated this review

I was holding a educational loan with Corporation Bank. We have to provide atleast 20 or 30 documents and lot of other stuff to avail this loan. This loan was taken to pursue higher education. I was made to sign even an agreement form so that if I failed to repay the same they can even issue a legal notice against me. Eventually loan was closed successfully.

Thank you for your vote

Thanks, you've already rated this review

Customer service offered by SBI Educational loan was really good. They offered a low rate of interest that is the best part about them . They were taking a lot of time to process the application and they took a lot of time to respond as well. They have taken some additional security like any other Bank to process my application. It was successfully completed after 6 years.

Thank you for your vote

Thanks, you've already rated this review

The experience was good when I availed an educational loan with Syndicate bank. I am having this loan for the past 8 years in which the services are good. But the rate of interest was high which must be reduced. The customer support was also good. The amount I pay is Rs.2500 per month which should be reduced.

Thank you for your vote

Thanks, you've already rated this review

The services was good when I applied for an Educational loan in Punjab National bank. The services was also good. The loan I applied was only Rs.300000 but they provided me with an amount of Rs.400000 which was really good. The total experience was excellent. The loan was disbursed in just 15 days. The rate of interest was 10.5% which was really nice.

Thank you for your vote

Thanks, you've already rated this review

Since 2011 I availed educational loan and formalities were smooth. Documentation process was smooth but they required for much documents. Interest rate at that time was 14% which is bit high so bit dissatisfied but Punjab National Bank did not deduct anything for processing charge.

Thank you for your vote

Thanks, you've already rated this review

Union bank Of india provided very low interest rate and its competitive as well including the processing charges. For educational loan, its 8.5% interest rate and I haven't faced any challenges in terms of communicating to the customer service team. I do pay the monthly payments by visiting the branch and the response provided is faster.

Thank you for your vote

Thanks, you've already rated this review

6 Years ago I had applied for the education loan to Punjab National Bank. The bank officials were very assistive and co-operative at the time of completing the loan formalities. The officials visited the college campus and completed the inquiry process very systematically, complete and concise. Although the documentation work was a bit complicated but as the officials were very helpful the loan formalities were completed very fast and there was also no Loan Processing Fee charged by the bank for the same.

Thank you for your vote

Thanks, you've already rated this review

I took one educational loan from Oriental bank of commerce where I find they are very good in their customer service . Within few days they disbursed my loan with quite affordable interest rates at that time. I used this loan for my bachelors education. Hassle free bank

Thank you for your vote

Thanks, you've already rated this review

When I took my educational loan I faced lot of issues from other banks those days . Then I approached central bank for my loan. They are very supportive in terms of processing the loan in terms of documentation. Rate of interest was fixed for all nationalized banks. I paid all my emi amount only in branches . Those days they dont have online banking options to make payments .

Thank you for your vote

Thanks, you've already rated this review

I have the "Star Educational Loan" from Bank of India Coimbatore Retail Hub branch. They are very friendly and the process of applying was very simple. Simple documentation procedures are very must as they ease the pressure and make us a bit comfortable. The friendly staffs make us feel that we are at the right place. They are helpful if I have any query with them.

Thank you for your vote

Thanks, you've already rated this review

Hi all, Here is a general piece of advice from my experience with Credila for the last 3 years. I strongly urge you to NOT go for Credila education loans. They are best at irritating you in every way possible. Once you sign the contract and get the loan, remember that would be the last time they will ever communicate with you properly. There are many irregularities and lack of co-ordination in the management. I wanted to clear my loan by paying the principle amount because the interest rate is too high. But, for the last 6 months, even after I repeatedly asked them to deduct the principle amount, they haven't done that. They are still juicing the interest and not terminating the contract. Also, my old parents had to run to the bank every month because Credila doesn't even know banking properly and they took more than 6 months to start automatic deduction from my bank account. I strongly urge you to take my brotherly advice and not go to Credila. Cheers!

Thank you for your vote

Thanks, you've already rated this review

Though I closed on educational loan from andhra bank again I took one loan for my MTECH study . Initially I applied for 80% and later in I paid 20% in MTECH . The best part was managers used to send reminders for EMI every month. Overall it was excellent.

Thank you for your vote

Thanks, you've already rated this review

I am paying my regular emi to andhra bank for my educational loan . I have taken this loan when I started my BTECH . My father and myself had a joint account from andhra bank where I am paying through that account. He was working with andhra university where he got some reference for my btech loan. I am very much satisfied by their services.

Thank you for your vote

Thanks, you've already rated this review

There are lot of unknowns when it comes to the education loan. I witnessed most of the managers use to be unaware of those terms and norms. But i found a great relationship with our branch. They were very friendly , when i called up them and asked for a statement. they instantly helped me out instantly. Had a great experience.

Thank you for your vote

Thanks, you've already rated this review