Education loan Eligibility
Education loan covers:
Documents required for education loan
Letter of admission
Complete break up costs of the course
Academic certificates from schooling till your higher studies
Every Loan application form and photographs
PAN and Aadhar card of students and Parents /Guardian
Proof of identity ( Passport/ Driving Licence/ Any photo identity/ Aadhar)
Proof of residence ( Passport/ Driving License/ Telephone bill, Electricity bill)
Proof of income ( Salary Slips/ Form 16) Co borrower/ Parent/Guardian)
Guarantee Bank account statement for last 6 months of students/ Co- borrower
Detailed statement of assets & liabilities of parent/ Guardian/ Co –borrower
It return/IT assessment order of 2 years of Co-borrower/ Parent/Guardian. In case of IT
Education is expensive, when students aim to have reputed institution or a foreign degree. Education loan bring light on to build skills and career. Education loan has provided a hope for many students to learn the subject of their interest and Education loan has become a good support for students. In this era, organization and industries looking for technically and professionally skilled students in large numbers. Education loan assist the students to grab this opportunity and go for learning by utilizing this loan. Education loans playing a priority in loan lending category.
Governments also supports by offering facility that education loan should not be denied, if students meets the parameters.
In order to get the quality education, at higher level of studies. Especially for the professional courses like medicine, engineering, management, etc. either at graduation or post-graduation level.
Education loan offers repayment flexibility to the students and ease in getting a loan for eligible students. Education loan provides right support at right time. No students have to waste their talent
because of lack of money. Education loan was aimed at providing assist to students in getting quality education and no students should will suffer or waste their talent because of money issue.
Home loan is provided by top banks, but it’s a very daunting task to take decision to opt loan from which bank.