Documents required for unsecured loans
For Students
For Co-applicant's
- Pan Card / Aadhar Card
- ID Proof
- Proof of Address(Present and Permanent Address)
If salaried
- 3 months latest salary slips or Salary Certificate
- Latest 8 Month salary credited account statements
- 1-year latest Form 16 or ITR
If self-employed
- Business proof (GST certificate, or Business registration copy)
- 2 years latest ITR with full set(Saral Copy, Computation of total income, Profit and Loss Amount and Balance Sheet)
- 8 months saving account statement & current account (if the person has one)
- Contact details
- Ownership proof (address verification)
- Other documents based on business type.
- Relationship Proof
For Parents
- Identity Proof (Pan card, or Aadhar card)
- Contact details
Documents required for secured loans
For Students
- Pan Card / Aadhar Card
- Proof of Address(Present and Permanent Address)
- Academic documents such as mark sheet, certificates of 12th exam, certificate of Subsequent Years of Education
- Proof of Admission
- Passport
- Entrance Exam Score(GRE,GMAT,TOEFL,ITELS etc.,)
For Co-applicant's
- Pan Card / Aadhar Card
- ID Proof
- Proof of Address(Present and Permanent Address)
If salaried
- 3 months latest salary slips or Salary Certificate
- Latest 8 Month salary credited account statements
- One year latest Form 16 or ITR
If self-employed
- Relationship proof (with the applicant)
- Business proof (GST certificate, or Business registration copy)
- 2 years latest ITR with full set(Saral Copy, Computation of total income, Profit and Loss Amount and Balance Sheet)
- 6 months saving account statement & current account (if the person has one)
- Contact details
- Ownership proof (address verification)
- Other documents based on business type.
If self-employed
- Relationship proof (with the applicant)
- Business proof (GST certificate, or Business registration copy)
- 2 years latest ITR with full set(Saral Copy, Computation of total income, Profit and Loss Amount and Balance Sheet)
- 6 months saving account statement & current account (if the person has one)
- Contact details
- Ownership proof (address verification)
- Other documents based on business type.
For Parents
- Identity Proof (Pan card, or Aadhar card)
- Contact details
Property documents : Acceptable forms are -
- Residential property
- Commercial property
- Fixed Deposit
- Life Insurance policy
- Stocks
- Mutual fund
- Photocopies as well as originals of
• Sale Deed (Registered)
• Mutation in the name of the present property owner
• House Tax Receipt (Latest) in the name of the present property owner
• Electricity Bill (Latest)
• Sanctioned Map of the property
• Deed of Declaration / Apartment (in case of Flat)
• Power of Attorney (if any in case of Flat)
• Building Permission Letter (in case of Flat)
• Lease Renewal Deed and NOC (No objection certificate)
• Society Registration Certificate and Occupancy Certificate (OC) (If applicable)
• Non-Agriculture (NA) Certificate & RL Order
• Demarking (Boundary wall / Fencing) (in case of open plot)
• Photocopy of the WILL in case of grandparents’ property
*Note
-Agricultural land is not considered by banks for Education loan
-Gram Panchayat property is also not considered by the banks unless supported by Town Planning approvals.
Education Loan Eligibility:
- An applicant should be between the age of 17-35 years to apply for Education Loan
- The applicant should be an Indian Citizen or Overseas Citizen of India (OCI)/Person of Indian Origin PIO Card Holder
- An applicant’s co-borrower can be a parent, sibling, spouse, uncle, aunt, or any blood relatives.
