Make college memories that last a lot longer than your student loan payments.

Documents Required for Education Loan

An education loan can help you achieve your dreams of higher education, whether it is in India or abroad, for any kind of eligible course. Loan applications need to be complete in order to be approved by banks. For that, it is necessary to have all the required documents attached. There is a whole list of documents that are important in ensuring that your education loan application process is successful.

While the specific list of documents required may vary according to the bank, there are some documents that will be in common to all banks. Here is the full list of documents that you will need for your education loan:

1. Identity Proof Documents

  • PAN card
  • Aadhaar card
  • Voter ID card
  • Driving license
  • Passport
  • ID card from a government department

2. Address Proof Documents

  • PAN card
  • Aadhaar card
  • Voter ID card
  • Passport
  • Driving license
  • Utility bills
  • Notarized and registered rental agreement

3. Income Proof Documents

For Applicants who are not employed

  • Salary slip of parents showing all deductions
  • Form 16
  • IT returns of the last 2 years

For salaried applicants:

  • Bank statement/passbook of last 6 months
  • Salary slips
  • Form 16
  • IT returns of the last 2 years

For Self-Employed Individuals

  • Balance sheet and profit and loss account of last 2 years
  • Computation of income of last 2 years.
  • Income Tax Returns of last 2 years, 26 AS, Traces
  • Business Proof: Gomasta license, Service Tax Registration, Registration Certificate
  • IT assessment/clearance certificate, Income tax challans/TDS certificate (Form 16A)/Form 26 AS

4. Educational Certificates and Admission Documents

  • Mark sheets/passing certificates of SSC, HSC or Degree courses
  • Copy of admission letter of the institute
  • Fees schedule of the institute
  • Demand letter from the institute
  • Copy of fee admission slip

When you have put together all these required documents in place, you can be ensured that your loan application process will be smooth and hassle-free.

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