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What documents does the lending bank ask for?

Documents that are to be submitted with the education loan application include:

· Admission confirmation letters and papers validating any scholarships the applicant has qualified for.

· Schedule of expenses for the course including tuition fees and other expenses.

· Score sheet of qualifying test(s).

· Copies of foreign exchange permit/student visa for overseas studies.

· Bank account statements for last 6 months. (Can be a joint account with parent/guardian)

· Statement of assets and liabilities of borrower.

· Proof of age

· Proof of residence

· 2 passport size photographs

· Documents related to collateral required for education loans exceeding Rs. 4 lakhs.

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