Education Loan Documents Required for Studying Abroad

When applying for a study abroad loan for Indian students, having the correct education loan documents is essential. This guide outlines the necessary paperwork to ensure your study abroad loan application is processed smoothly.

Education Loan Documents Required for Studying Abroad

For those seeking an education loan for the US, make sure you gather all required education loan documents to facilitate a seamless approval process and support your educational pursuits abroad. Below is a structured list of the required education loan documents:

1. Residence Proof or ID Proof Documents

Two passport-sized photographs
Government-issued Photo ID proof
Proof of residence

2. Academic Documents

Admission letter/Offer letter/CAS
Test score reports:
- ELP Test Scores (IELTS or TOEFL)
- Standardized test scores (GMAT or GRE for postgraduate courses; ACT or SAT for undergraduate courses, if applicable)
Copy of student visa (if applicable)
Mark sheets:
- 10th and 12th board examinations
- Undergraduate degree or any diploma/certificate

3. Income Documents

Fee break-up statement
Last three months' salary slips
Income tax returns for the last two years

4. Collateral Documents (if applicable)

The title deed of the property
Land registrar's details or extracts of agricultural land
Latest property tax bills
No Objection Certificate (NOC) from the builder for Mortgage
Official allotment letter of the property
Approved building plan
Encumbrance certificate

These education loan documents are essential for evaluating your eligibility and processing your study abroad loan. Ensure all documents are accurate and current to facilitate a smooth application process for your education loan for the US or other destinations.