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Education Loans for Canada

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:

  1. Application form (completed)

  2. Passport size photographs of both the applicant and the co-applicant

  3. Photo identity proof of both the applicant and the co-applicant

  4. PAN card

  5. Voter ID card

  6. Driving license

  7. Passport.

  8. Aadhar Card

  • Residence proof of both the applicant and the co-applicant

  • Educational documents:

  1. Mark sheet and certificates (School and College/University)

  2. Score report for IELTS, GRE, TOEFL,  GMAT, etc. (whichever is applicable)

  3. 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:

  1. Title deed of Property 

  2. Approved plan of Building/Apartment/House

  3. 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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