Documents Required for Education Loan

Documents Required for Education Loan

An education is a loan which is offered to the learners or students for applying to fulfill their financial need and continue with their studies. The student can take the borrowed amount from many banks, financial bodies, or Non-Banking Financial Institutions (NBFCs) to pay the fees for their respective courses. It is also known as student loan.  

Planning for higher studies but not having sufficient money ,Financeseva offers an Education Loan at an attractive rate of interest @9.75% onwards with the flexible repayment tenure. And you can avail a maximum loan amount up to Rs. 30 lakhs.

Mandatory documents for Education loan

Listed below are the Document Required for Education Loan that are required to avail an education loan: -  

2 passport size photographs.

Age proof: - Aadhar card, driving license, passport, voter ID Card of the student and co-borrower.

Residence proof: - Copy of telephone bill, ration card, electricity bill, rental agreement, and bank statement for the previous 6 months.

Income proof: - Bank statement of the previous 6 months of the borrower. ITR of last 2 years. Documents showing the assets & the liabilities of the parents, Co-borrower or the guardian. Recent salary slips of the co-borrower or guardian.

Filled application with signature and attached photograph.

Educational certificate: - Copy of 10th and 12th marksheets or any other certificate of educational qualification.

Statement of expense of the course and the cost of study.

Admission letter  

Aadhar card and PAN Card of the student, parent, or co-borrower.

Why to choose financeseva for an education loan?

Financeseva will help you -