EDUCATION LOAN

Documents for Education Loan for salaried individuals.

• Passport
• Voter ID card
• Driving license
• PAN card
• Government department ID card
• Latest salary slip showing all deductions or Form 16 along with recent salary certificate
• Proof of residence (any one of the following):
  • Bank account statement
  • Latest electricity bill
  • Latest mobile/telephone bill
  • Existing house lease agreement
• Bank Statement/Pass Book of last 6 months
• Optional – Guarantor Form
• Copy of admission letter or the Institute along with Fees schedule
• Mark sheets/pass certificates of S.S.C., H.S.C, Degree

Documents for Education Loan for all other Individuals

• Proof of identity (any one of the following):
  • Passport
  • Voter ID card
  • Driving license
  • PAN card
• IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
• Proof of residence (any one of the following):
  • Bank account statement
  • Latest electricity bill
  • Latest mobile/telephone bill
  • Existing house lease agreement
• Bank Statement/Pass Book of last 6 months
• Optional – Guarantor Form
• Copy of admission letter or the Institute along with Fees schedule
• Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses

Documents required for first disbursement

• Demand Letter from college or university.
• Loan agreement signed by applicant, Co-applicants.
• Sanction Letter signed by applicant, Co-applicants.
• Disbursement request form signed by applicant, Co-applicants.
• Receipts of Margin money paid to the college / university alongwith bank statement reflecting the transaction.
• Documents for collateral security ( if applicable )
• Form A2 signed by applicant or Co-applicants in case abroad Institute cases.

Documents required for subsequent disbursement

• Demand Letter from college or university
• Disbursement request form signed by applicant, Co-applicants.
• Receipts of Margin money paid to the college / university alongwith bank statement reflecting the transaction
• Exam Progress Report, Marksheet, Bonafide Certificate (Any one)
• Form A2 signed by applicant or Co-applicants in case abroad Institute cases.

Eligibility

The education loan would be provided to those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level.

• Secured at least 50% marks during HSC & Graduation
• Secured admission in India or Abroad through entrance test / Merit based selection process post completion of HSC (10+2)