Special student loans are offered by several banks in order to pay for your school, college or other educational institution's expenses. Some banks on the other hand, grant student loans within the framework of a personal loan. These loans have various payment options. Some have monthly installments for up to 36 months. This credit is usually paid out to the parents or guardians of a student. In case the student has some employment or income, it can be directly paid to him/her as well.
Banks usually require some collateral or co-signer guarantees from applicants before granting student loans. Banks also offer life insurance for the entire period of the loan.
Since each bank has their own loan policy and rates, contact banks directly to find out about the details.