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Education Loan for Masters

Updated on Nov 15, 2022
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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.

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