What is proof of admission for education loan?
ID Proof (any one of the following) : Passport, PAN card, Voter’s ID card, Driving License, Aadhaar card, etc. Address Proof (any one of the following) : Driving license, Ration card, Voter’s ID card, Passport, Aadhaar card, etc.
Do we need to submit original documents for education loan?
Word of caution: It is mandatory to submit a proof of identity while applying for an education loan. Following documents can be included as proof of identity along with education loan application.
What are the documents required for Vidyalakshmi education loan?
Mark sheet of last qualifying examination • Proof of admission to the course • Schedule of expenses for the course, from the Institution • Passport size photographs of the applicant / parent / Co-obligant / Guarantor (2 copies each) • Proof of income / assets (if any) • Latest salary certificate and form No.
What kind of documents do I need to apply for a student loan?
The Bank Statement date needs to be within 10 days of the loan application. Collateral documents are required if it is Secured Loan. Salaried documents similar to co-borrower for students, if he/she was ever employed. The applicant can avail an education loan for both abroad and domestic cases.
What kind of documents are required for education loan in India?
DOMESTIC CASES: For cases where education loan is taken to study in India, only the above-listed documents are required. But the student must have the college admit letter, without it, the loan cannot be availed. ABROAD CASES: When a student applies for an education loan for studying abroad, the bank asks for a passport.
Who is required to apply for an education loan?
All loans require a co-applicant who needs to fulfil the basic requirements to apply for an education loan. The co-applicant could be a salaried or self-employed parent, relative or sibling with a steady source of income.
Which is required for post sanction processing of Education Loan?
Out of all the documents that are required for education loan, there are a few requirements of the bank for post-sanction processing of loan. Students need to present these documents in order to get loan disbursements, pre-pay education loan, change loan terms, claim subsidy and transfer education loan (if required).
