BOB Education Loan Procedure
What is the Bank Of Baroda Education loan procedure?
Bank of Baroda Education Loan processing time is about 1.5 months. But through WeMakeScholars, the duration is reduced to 15 days? You want to know how? Well, for that you need to understand how the BOB education loan process works.
If you go yourself, without the assistance of WeMakeScholars, this is how your BOB Education Loan process will be:
||You visit the branch and get the form and further details.
||You collect all the documents and submit it to your branch.
||The bank will 99.9% send you back asking for some more papers. (We’ve dealt with hundreds of students. We know the drill!)
||You run to every pillar and post gathering all these said documents.
||You go back to the branch to submit these documents.
||The bank logs in your file and does some paperwork.
||The bank sends the file to the branch approved lawyer.
||The lawyer completes his report and sends it back to the branch.
||The branch sends your file to the valuator.
||The valuator visits your property and completes the valuation report.
||The branch receives your file again. After finishing more paperwork, they forward your file to the processing centre.
||The Regional Processing Center sends the file to their own lawyer and valuator for “verification.” Basically, the same process is repeated all over again.
||The Regional Processing Center logs in and creates your loan account.
||Applicant and Co Applicant will be called for mortgage creation and signing of loan agreement.
Now at WeMakeScholars, the first 10 steps are removed in one shot!!
Why? Because the Corporate Centre of BOB (Bank of Baroda’s highest office) has given us the authority to send BOB Education Loan files directly to their special regional processing centres.
They have great confidence in the quality of Baroda Scholar Loan files we filter and send, so they do not do a second round of legal and valuation process!
Also, since we conduct a BOB Education Loan status tracking process on a daily basis, it’s impossible for the file to remain stagnant at any stage.
That’s how the BOB Education loan process of 90 days is completed in 15 days!
Fill your BOB Education Loan Form here for the quickest way to get your education loan sanctioned!
Some of the smaller regions of India do not have a processing centre directly above them. So, for the initial logging in, we have identified the best branches in the smaller regions. We accelerate it up to the processing centre until the BOB Education Loan Sanction letter is issued and the entire process is completed.