Loan Basics
Documents Required for an Education Loan in India
Missing even one document can delay your loan approval. Here is a comprehensive checklist of everything banks and NBFCs ask for.
Student Documents
- Completed loan application form
- Passport-size photographs Aadhaar card and PAN card copies
- 10th, 12th, and degree mark sheets
- Admission letter from the institution
- Fee structure / prospectus
Co-applicant Documents
- Aadhaar card and PAN card
- Latest 3 months salary slips or ITR for the last 2 years
- Bank statements for the last 6 months
- Employment certificate or business proof
Collateral Documents (if applicable)
- Property papers (title deed, encumbrance certificate)
- Latest property tax receipt
- Valuation report from a bank-empanelled valuator
Tips to Speed Up Processing
Submit self-attested copies of all documents. Keep originals ready for verification. Ensure your co-applicant's CIBIL score is above 700 for faster approval.