Education Loans for Canada

The prerequisites for applying for a student loan to Study in Canada.

Before applying for a student loan, be sure you meet the eligibility requirements. The following are some of the considerations that all banks make:

• The borrower must be an Indian national.

• The university or institution's acceptance letter.

• The candidate, or the applicant's parents, must be at least 18 years old.

• The candidate must take a professional course.

Documents Required while applying for overseas education loan in India

• Admission Letter

• Loan Application Form

• 2 passport size photographs

• Statement of cost of study

• PAN Card of the candidate and Parent/ Guardian

• AADHAR Card of the candidate and Parent/ Guardian

• Proof of identity (Driving License/Passport/ Aadhar/ any photo identity)

• Proof of residence (Driving License /Passport/Electricity bill/Telephone bill)

• Student/Co-borrower/ guarantor's bank account statement for the last 6 months

• IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ other co-borrower (if IT Payee)

• Brief statement of assets & liabilities of Parent/ Guardian/ other co-borrower

Proof of income (i.e. salary slips/ Form 16) Parent/ Guardian/ other co-borrower.