To apply for an educational loan, the borrower must provide several documents to the bank including a loan application, photographs, proof of address, age, education qualifications, course details, parents' financial details, collateral documents if the loan is over Rs. 4 lacs, and may need additional documents depending on the specific case.
To apply for an educational loan, the borrower must provide several documents to the bank including a loan application, photographs, proof of address, age, education qualifications, course details, parents' financial details, collateral documents if the loan is over Rs. 4 lacs, and may need additional documents depending on the specific case.
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To apply for an educational loan, the borrower must provide several documents to the bank including a loan application, photographs, proof of address, age, education qualifications, course details, parents' financial details, collateral documents if the loan is over Rs. 4 lacs, and may need additional documents depending on the specific case.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
While applying for the loan, the borrower is required to furnish the following information/papers:
Loan application on Bank's format.
Passport size photograph Proof of Address(Permanent) / ID Proof. Proof of Age. Proof of having secured pass marks in last qualifying examination. Letter of admission in professional, technical or vocational courses. Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned. Details of Assets & Liabilities of parents. In case loan amount is above Rs.4.00 lacs : *. Detail of Assets & Liabilities of parents/co-obligants/ guarantors. *. In case loan is to be collaterally secured by mortgage of IP, Copy of Title Deed, Valuation Certificate and Non Encumbrance Certificate from approved Lawyer of the Bank to be obtained at the cost of the borrower. Photocopy of Passport & Visa, in case of study abroad. Any other document/information, depending upon the case and purpose of the loan. * (The above CHECKLIST is only illustrative, not exhaustive. For details, please contact our nearest Branch Office).