which documents required for education loan : In today’s world, as education costs are increasing day by day, education loans became very important for students to complete their education, significantly higher education. However, that education is worth every penny you spend. Fortunately, many banks provide education loans for many abroad and Indian universities.
look
Proper List of Documents that are Required for Education Loan
into
- Documents of Identity
- Documents of Student Education
- Documents of Financial status
- Documents Required for Collateral
- Other Documents Required for Education Loan (Generic Administration)
the
Identity Documents Required For Education Loan
education
documents
- Aadhaar Card
- Voter’s ID card (not accepted by all banks)
- Current house lease agreement
- Valid electricity/water/LPG bill
- Valid passport issued by GOI (Government of India)
- Magistrate/Gram Panchayat affidavit (not applicable for all banks)
list
- Aadhaar card
- Driving License
- PAN card (Without Photo will be Rejected by some banks)
that
- Gazetted affidavit (not applicable for all banks)
- Permanent residence certificate issued by competent State/UT authority
- Certificate of domicile issued by district magistrate office
Education Documents Required For Education Loan
are
required
- SSC/10th Class or equivalent mark sheet/passing certificate
- HSC/12th Class or equivalent mark sheet/passing certificate
- Diploma passing certificate/record of marks/diploma certificate
- Graduation degree (it may be 3-year or 4-year), mark sheet/passing certificate (if applicable)
- Records of the past etc
- Special education/ Professional courses/Certificate courses passing certificate
for
- Admission Proof: conditional offer letter/permanent admission letter/Admission letter/bonafide certificate/seat allocation certificate
- Records/documents of academic fees breakup
- College/University/Institution placement records (not mandatory for all banks)
an
- I-20 form for study in US academic institutions
- Entry permit (if applicable for respective country)
- CAS Letter for UK education loan applicants
- Exchange student form or exchange visitor form of the respective country.
- Qualification documents for GMAT, GRE, IELTS, TOEFL, etc
Required Documents of Financial While Applying For Education Loan
education
loan
.
- Bank passbook copy/ Bank statement (last 6 months or more)
- Academic fees demand letter (issued by the academic institution)
academic
- Proof of turnover (latest Sales tax/Services Tax/GST return statements of business)
- IT (income tax) returns approved and verified by CA: at least 24 months
- Audited P&L (profit and loss statement) of business for the current and previous financial year
- Proof of retirement and pension certificate (from requisite authority)
- For self-employed, proof of qualification (not necessary for all banks)
records
- Salary computation statement issued by the employer for the current and previous year
- Form 16 and ITR returns for at least 2 years
- Salary slips issued by the employer (at least recent 2 months)
Also Check: How to Get Education Loan After 12th
Collateral Documents Required For Education Loan
are
needed
- PAN card copy (mandatory)
- De-Mat account statement (last 6 months at least)
for
- Loan against deposits
- NOC from society/builder
- Original FD/RD receipts
- Interest statement of FD/RD
the
- Chain of sale deed/property deed
- Allotment letter by Government Authority/Municipal Corporation
More Other Documents Required For Education Loan
banks
- Subsidy application forms
- Third-Party Guarantee application
- Education loan application form
to
decide
- Letter of Academic fees demanded (every year/ or every payment cycle as demanded by the institution)
- Affidavit of extra academic demands such as laptop, equipment, two-wheeler, research, academic tour, etc.) duly sanctioned/attested by academic authority
- Outward remittance request in case of study abroad
- Copies of Academic fee receipts and payments made via education loan
- Transcripts of the applicants’ academic progress
Related: How to Get an Education Loan From the Government
the
- Which type of document is required for an education loan?
interest
- How much education loan can a student get?
rates
- Can poor students get Education loans?
for
the
We are hoping that the knowledge we have shared on education loans to study in India or Abroad. Students can apply and get loans approved. Stay tuned to our site for other articles, such as Which Bank Has Lowest Interest Rate on Education Loan , How to Apply for Education Loan for Abroad Studies , and so on.
