Interesting question, but I am sure, you know the answer yourself too.

1. Shortlist few banks that you can approach
2. Keep necessary documents ready 
3. Original and xerox of the fees receipt for the course you have applied for and need a loan for
4. Keep Financial statements / Income of the family ready
5. Decide on what and who would be the guarantee
6. Visit the bank and meet the loan professional

Hope this helps.

Wish you good luck...

Hello Siddhi,

There are certain things that one must keep ready in order to make sure that the person gets loan as soon as possible.

• Ensure that  you have secured confirmed admission
• Estimate the amount of loan required for the full course as banks have different rates of interests for different slabs of loan amount.
• Usually guarantors are required for sanctioning of loans so that if the applicant fails to pay the loan the same can be paid by the gurantor. should have regular source of income to the extent that they are able to repay the loan in case of need/unforeseen circumstances
• Guarantors are essential for sanctioning of loans. Usually, a guarantor is required so that if the applicant fails or becomes incapable of repaying, the guarantor will be responsible for clearing the debt. Usually, a guarantor so chosen is a person with a net worth (i.e., annual income) equivalent to, or more than, the loan amount.
• Lastly keep all the documents ready.
• Apply on time to avoid later confusion. Banks  usually take around 15-30 days for processing the documents.
• Some institutes/colleges even have tie ups with banks and even assist students in getting education loan.
• Enquire with the institute if it has any tie-ups with banks or whether it assists students in applying for educational loans. Most of the reputed colleges/institutes have a tie-up with certain banks for educational loans. The main criterion for these banks is confirmed admission. Hence, checking this out could be worthwhile.

Want to secure a loan for bad credit? Let us help you. Our platform specializes in connecting borrowers with online lenders in the UK who understand the challenges of poor credit. Whether you're interested in secured or unsecured loans, or quick payday options, we' rel="nofollow"re here to simplify the process for you.