What Documents Are Required For an Education Loan?

Since education loan terms differ from one to another, required documents remain largely the same. The bank needs certain documents to make sure you are a genuine student at a reputed university abroad and you can pay off the loan after finishing your course. For that certain documents need to be submitted as proof. Note that the majority of document requirements are the same for most banks, but there may be certain documents your bank may ask for additionally. Here are the papers you need:

Note: Students, who wish to study abroad, may get in touch with India’s top-rated loan providers and apply for an education loan through Shiksha Study Abroad

Loan Documents  

• Completed and signed loan application form
• Two passport sized photographs 
• Photo ID proof 
• Residence Proof 

Academic Documents 

• Admission letter/Offer letter/CAS 
• Fee details and break up 
• Score reports of IELTS/TOEFL/GMAT/GRE 
• Copy of student visa (if applicable) 
• Mark sheets of the tenth and twelfth board examinations 
• Mark sheets of an undergraduate degree or any diploma/certificate 

Income documents 

• Last three months' salary slip 
• Income tax return for the last two years

Know more about loans:

• Eligibility Criteria for Education Loan
• The A to Z of Study Abroad Loans: All Terms and Their Definitions
• Everything You Need to Know About Education Loan
• Indian Banks offering Education Loans for Studying Abroad
• Public v/s Private Education Loan Providers

• Top Private Student Loans without Cosigner