As a student, sometimes you need to write request letters to bank managers for education purpose related things. The reasons are like sanctioning the loan (or) releasing the installments (or) to increase the loan repayment extension time (or) for educational loan subsidies etc.
For all those reasons, here you can find different formats for educational loan request letters which you can submit to the bank manager.
How to Write a Letter to Bank Manager for Education Loan
- Read bank guidelines regarding the education loan, you can find those details on the bank’s website.
- Ready all the required documents such as admission letter by the college/university, educational certificates, and property document copies if you are applying through collateral.
- Mention your name, course details, college/university name, and place of the college.
- Write how much of an education loan you need.
- Enclose all the supporting documents with the letter.
Education Loan Request Letter 1 (Without Collateral)
To
The Bank Manager,
Bank Name,
Bank Address.
From
Your name,
Your address.
Sub: Educational loan regarding.
Dear Sir/Madam,
I am writing this letter to request you to sanction me an education loan of amount __________ Rs to pursue my higher studies.
I got an admission to study ___________(course name) at __________(college/university name) at ____________(city name).
So here I would like to request you to kindly provide me with the educational loan for the above mentioned amount without any collateral and please find the attached copies of my rank card and admission letter along with this letter.
Thanking you.
Yours sincerely,
Your name.
(Mobile no)
Educational Loan Request Letter 2 (With Collateral)
To
The Bank Manager,
Bank Name,
Address of the Bank.
Sub: Application for student loan.
Dear Sir/Madam,
My name is ____________(your name) writing this request letter to apply for an educational of amount _____________ Rs to study _______________(course name) at ______________(college/university name) at ___________________(city name).
I would like to apply for this loan through collateral by keeping our ___________(land/house/flat etc) located at ______(property location).
The __________(property) is in my father’s name, Mr _____________(your father name) who is working as a government employee.
So kindly grant the education loan for the above said amount, and please find the attached copies of my admission letter, and property copies, and bank statement of my father.
Thanking you.
Yours faithfully,
Your name.
(Mobile no)
Education Loan Request Letter to Study in Abroad (Format 3)
To
The Bank Manager,
Name of the Bank,
Bank Address.
Sub: Regarding educational loan to study abroad.
Dear Sir / Madam,
My name is _________(your name), S/o / D/o ___________(your father’s name) got an opportunity to study abroad. I got an admission to study _______(course name) at ________(college/university name) in ____________ (country name).
I need an educational loan to pursue my higher studies abroad, so here I am requesting you to kindly provide me the education loan of __________Rs. (loan amount).
And kindly find the attached copies of my admission letter and other educational certificates, and I hope you grant me the loan as soon as possible.
Thanking you.
Sincerely,
Your name.
(Mobile)
Letter to Bank Manager to Disburse Education Loan Amount (Format 4)
To
The Bank Manager,
Bank Name,
Address of the Bank.
Sub: Education loan disbursement regarding.
I __________(your name) have been sanctioned with an educational loan of amount ________Rs to study MBBS at University of Montreal in Canada.
My First semester exams will be held next month, so kindly disburse the loan amount and please find the attached copies of the semester fee payment slip, and disbursement break-up details.
Kindly credit the loan amount to below mentioned bank details:
- Account name:
- Bank name:
- Account no:
- Sort code:
- IBAN no:
- SWIFT code:
Thanking you.
Sincerely,
Your name.
(Mobile no)
FAQs
It will take a maximum of 15 days to get an education loan from the date of application.
In most cases banks will directly credit the education loan directly to institutions bank accounts.
Once the education loan is sanctioned to you, then every installment will be paid within 24-48 banking hours from the time of your request.
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