A. You should go to a private bank for an education loan to study abroad if you are keen to get the same as soon as possible. The advantage of getting a loan from a private bank is that with an easy process, your paperwork reduces as well as a pre-approved loan is provided. The processing of the loan becomes easier with private banks as compared to public banks as the former is more digitized. On the other hand, public banks are quite strict with their set eligibility due to which loan processing may get delayed.