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Updated on Nov 15, 2022
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Before applying for a student loan to pursue education abroad, the applicant must thoroughly understand the documents required. You'll need the following papers to apply for an education loan for abroad study:
Application form (completed)
Passport size photographs of both the applicant and the co-applicant
Photo identity proof of both the applicant and the co-applicant
PAN card
Voter ID card
Driving license
Passport.
Aadhar Card
Residence proof of both the applicant and the co-applicant
Educational documents:
Mark sheet and certificates (School and College/University)
Score report for IELTS, GRE, TOEFL, GMAT, etc. (whichever is applicable)
Admission letter from the College or University
Bank statements for the last 6 months (both the applicant and the co-applicant)
Income proof of the co-applicant (parents or guardians)
In case of collateral (immovable property), it can be flat, home, or land (non-agriculture) the following documents are required:
Title deed of Property
Approved plan of Building/Apartment/House
No objection certificate for a mortgage from the society/builder
Document type | Applicant | Co-applicant |
Date of Birth | Birth Certificate Passport Voter card with DOB College Passing Certificate PAN Card Driving license Aadhaar Card | |
Residence Proof (if owned) | Electricity Bill Municipal Tax Receipt Share Certificate or Title Deed (with Flat/House Number) | |
Residence Proof (for a rented property) | Registered Rent agreement (with utility bill) Landline phone bill Postpaid Mobile Bill Bank statement Passport Driving License Voter ID Aadhaar card | |
Aadhaar | Aadhaar card | |
PAN Card | True Copy of PAN (Form 60 in case PAN not available) | |
Signature | Signature verification from the bank Passport Driving License PAN Card Note: All of your identification should match your current signature. | |
Relationship proof | Passport Pan card Aadhaar card Marriage certificate Birth certificate Legal heir certificate Ration card Any additional papers that are acceptable | |
Academic documents | Mark sheets from 10th, 12th, UG or PG, a degree or provisional degree certificate, and any relevant admission exam results | Registration certificates for Professionals (CA, Doctor) |
Income proof - Salaried | Documents to prove 3 years of work experience | Latest 3 salary slips, Bank Statement of last 3 months Form 16 Self-employed: Income certificate from Tehsil/office, Collector's 2 years ITR with the income statement. |
Office Address | NA | Form 16 Salary slip Letter from HR Snapshot of site Identity card. |
Admission proof | Letter of invitation/admission from the university/college, as well as the fee structure | NA |
Technical Documents
Aside from the documentation listed above, candidates must also have additional technical documentation in order to obtain an education loan.
Title deed
Approved layout plan
Revenue document
BDA Allotment letter and NOC
NE certificate (Non-Encumbrance)
Possession Certificate from Builder
Latest tax receipt for property
sale deeds
Conversion certificate
Urban clearance certificate
NOTE: These requirements can vary as per the banks’ own regulations.
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