Education Loan Documents Required for Studying Abroad in 2024

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.