Chandresh Chundawat

How does bank disburse the loan amount?


by Chandresh Chundawat
2 answers
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2 answers

RE: How does bank disburse the loan amount?

Surabhi Dewra
Surabhi Dewra
Verified Career Expert
Hiring for wordpress developer / HR managers / Operations/ content
  • New Delhi

Hi Chandresh

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.

RE: How does bank disburse the loan amount?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD

Dear Aspirant,

Banks directly give to the Institute through which you are doing the course. Therefore they require Admission Confirmation Letter from the concerned Institute. This is a full proof method to avoid money laundering and frauds.

Best wishes

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