Education Loan for Masters

The applicant must have a thorough understanding of the documentation necessary before applying for a study loan in another country for their master’s degree. To apply for an education loan to study abroad, you'll need the following documents:

• The application form has been completed.

• The applicant's and co-photographs applicant's (passport size).

• Both the applicant and the co-applicant must show photo identification.

• You can use a PAN card, a driver's license, a voter ID card, an Aadhar card, or a passport.

• Both the applicant and the co-applicant must provide proof of residence.

Academic documents include the following:

• The mark sheet and certificates of the applicant.

• Bachelor's degree certificate

• Mark sheet (score report) for the GRE, GMAT, TOEFL, IELTS, and other exams, if applicable.

• A letter from the university or institution confirming your acceptance serves as admission documentation.

• Statements of account: The co-bank applicant's statements for the last six months.

• Income evidence: The income proof of the co-proof applicant.

Aside from the credentials listed above, hopefuls must also have additional technical documentation in order to obtain a student loan.

• The title deed (all the pages to be attached)

• permissions and a case-specific copy of the approved layout plan

• Revenue Noc and Allotment Document 

• A letter to the BDA Allotment

• No-Obligation Certificate

• Possession Certificate (In case the flat is taken from a builder)

• The most recent receipt for property taxes

• a copy of the prior deeds of sale

• Conversion certificate

• Urban clearance certificate (Case-specific)

If necessary, applicants must additionally submit the following legal documents.

For a sale, gift, or division deed in the customer's favor, a minimum of 13 years is required.

• Certificate of Revenue and Extract (In the name of the current owner)

• Encumbrance certificate - must be at least 13 years old and keep track of all sales.

• The most recent receipt for property taxes

NOTE: Depending on the bank's rules, these requirements may change.