Sunday, October 14, 2018

Documents needed for student loan application

If you want to apply for student load, there are documents needed to put in place before starting the application process.

Here, I will share with you some of the documents needed for student load application.

Just to be sure your application process is successful.

Documents needed for student loan application

A completed and signed application form

Two passport size photographs applicant

Photo id of the applicant. The applicant can submit one of the following

a)      Passport

b)      Pan card

c)       Voters ID card

d)      Driving license

e)      Employee ID (if working)

f)       Defence ID card

g)      Aadhar Card

h)      Photo ID issued by central or state government

i)        Bank passbook with photograph of the account attested by the bank

Residence proof of the applicant

a)      Passport with address

b)      Driving license with address

c)       Bank statement with address

d)      Ration card (except Maharashtra)

e)      Aadhar card

f)       Telephone/ electricity/ water bill not older than three months

g)      Voters ID card

Admission documents

a)      Printed admission offer letter from the university/institute. The letter must be on their letter head and must be signed by the authority

b)      I-20 form for students going to the US for higher studies

c)       Fee details of the institute/university

Academic documents

a)      Mark sheets and certificates of Class 10 and Class 12

b)      Mark sheets and certificates of graduation (if the candidate is going for post graduate studies)

c)      Documents of scholarships (if the candidate obtained one)

d)      Documents of any entrance exam take- GRE, GMAT, IELTS, TOEFL

Income proof of the applicant

a)      In case of a salaried employee:

i.        Salary certificate on employer’s letterhead or latest three month’s salary slip

ii.       Last two years’ Form 16 from the employer

iii.      Last two years’ Income Tax Returns

iv.      Any other valid income proof

b)    In case of self employed person

i.     Last two years’ Income Tax Returns

ii.     Last two years’ Certified Financial Statements or Provisional Financial Statements Duly Certified by CA

iii.    Proof of office

iv.    Any other valid income proof

Income proof of the guarantor if the applicant is not employed. The same documents mentioned above are required for guarantor also

 Declaration/affidavit confirming that the candidate has not obtained any other loan from other banks.

The candidate must submit self attested copy of the above given documents to apply for education loan.