Thursday 28 December 2017

Documents Required for Education Loan

Dear Students and Parents today we will discuss about Documentation and Documents Required for Education Loan. First thing it comes in your mind before applying any Loan for Schooling or Higher Study or If you plan to go to Abroad for Higher Study or Apply for Medical Study Abroad.


Documents the Bank will ask before grand a Education Loan

Procedure to Apply for Study Loan


Documents for Education Loan for salaried individuals

    Proof of identity (any one of the following):
        Passport
        Voter ID card
        Driving license
        PAN card
        Government department ID card
    Latest salary slip showing all deductions or Form 16 along with recent salary certificate
    Proof of residence (any one of the following):
        Bank account statement
        Latest electricity bill
        Latest mobile/telephone bill
        Existing house lease agreement
    Bank Statement/Pass Book of last 6 months
    Optional – Guarantor Form
    Copy of admission letter or the Institute along with Fees schedule
    Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses

Documents for Education Loan for all other Individuals

    Proof of identity (any one of the following):
        Passport
        Voter ID card
        Driving license
        PAN card
    IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
    Proof of residence (any one of the following):
        Bank account statement
        Latest electricity bill
        Latest mobile/telephone bill
        Existing house lease agreement
    Bank Statement/Pass Book of last 6 months
    Optional – Guarantor Form
    Copy of admission letter or the Institute along with Fees schedule
    Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses


Documents required for first disbursement

   Demand Letter from college or university.
    Loan agreement signed by applicant, Co-applicants.
    Sanction Letter signed by applicant, Co-applicants.
    Disbursement request form signed by applicant, Co-applicants.
    Receipts of Margin money paid to the college / university alongwith bank statement reflecting the transaction.
    Documents for collateral security ( if applicable )
    Form A2 signed by applicant or Co-applicants in case abroad Institute cases.


Documents required for subsequent disbursement

    Demand Letter from college or university
    Disbursement request form signed by applicant, Co-applicants.
    Receipts of Margin money paid to the college / university alongwith bank statement reflecting the transaction
    Exam Progress Report, Marksheet, Bonafide Certificate (Any one)
    Form A2 signed by applicant or Co-applicants in case abroad Institute cases.



Eligibility

The education loan would be provided to those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level.

Secured at least 50% marks during HSC & Graduation
Secured admission in India or Abroad through entrance test / Merit based selection process post completion of HSC (10+2)






Hi, myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION Find MBBS Fees in Bangladesh
You'll get many more reference websites like mbbsguru dot in  mbbsadmission dot co  urguide dot in




Author 

Guru

15 comments:

  1. This is a very thorough article. Thank you for sharing this information on Study Loan.
    Best Education Loan Singapore

    ReplyDelete
    Replies
    1. $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
      Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
      Email: shadiraaliuloancompany1@gmail.com

      LOAN APPLICATION DETAILS.
      First Name:
      Last Name:
      Date Of Birth:
      Address:
      Sex:
      Phone No:
      City:
      Zip Code:
      State:
      Country:
      Nationality:
      Occupation:
      Monthly Income:
      Loan Amount:
      Loan Duration:
      Purpose of the loan:
      Email: shadiraaliuloancompany1@gmail.com


      $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
      Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
      Email: shadiraaliuloancompany1@gmail.com

      LOAN APPLICATION DETAILS.
      First Name:
      Last Name:
      Date Of Birth:
      Address:
      Sex:
      Phone No:
      City:
      Zip Code:
      State:
      Country:
      Nationality:
      Occupation:
      Monthly Income:
      Loan Amount:
      Loan Duration:
      Purpose of the loan:
      Email: shadiraaliuloancompany1@gmail.com

      Delete
  2. Thank you for sharing this piece of information which have helped me knowing more about Auxilo Education Loan For Students

    ReplyDelete
  3. Your blog is very interesting. I am very happy with your work. Thank for sharing this helpful information with us. Credit Card in UAE


    ReplyDelete
  4. Your share a very helpful information in your blog. But i am finding about best auto loan in Dubai, can you give me some details about auto loan in Dubai.

    ReplyDelete
  5. Thank you for sharing such information would like to know more on education loan for abroad

    ReplyDelete
  6. I will recommend anyone looking for Business loan to Le_Meridian they helped me with Four Million USD loan to startup my Quilting business and it's was fast When obtaining a loan from them it was surprising at how easy they were to work with. They can finance up to the amount of $900,000,000.000 (Nine Hundred Million Dollars) in any region of the world as long as there 1.9% ROI can be guaranteed on the projects.The process was fast and secure. It was definitely a positive experience.Avoid scammers on here and contact Le_Meridian Funding Service On. lfdsloans@lemeridianfds.com if you looking for business loan,Thanks.
    Leslie,

    ReplyDelete
  7. Had a wonderful insight reading this article on Education Loan. If you want to have more such insights and in dept information than you can continue to - Education Institution Loan

    ReplyDelete
  8. Bangladesh is similar to India in terms of culture, education, and cost of living. As a result, it is a good choice for Indian students who want to study medicine. If you wish to get  MBBS admission in Bangladesh  , Education Times can provide you with all of the necessary information, including colleges, locations, courses, and country information. Contact Us: 9958565973

    ReplyDelete
  9. Candidates interested in studying MBBS in Bangladesh should apply for low-cost medical courses in Bangladesh. In MCI approved Bangladesh medical colleges , you can study MBBS for a low rate. With complete guidance for Indian candidates seeking MBBS admission in reputable Bangladeshi universities. Visit- https://educationtimesmbbs.com Call now- 9958565973

    ReplyDelete
  10. MBBS Admission in Bangladesh : Bangladesh has been a popular choice for the medical aspirants because of the good education. The MBBS degree of the colleges is valid all over the world. . In Bangladesh, the MBBS course lasts 5 years of classroom training and 1 year of internship. Contact Us: 9958565973

    ReplyDelete
  11. MBBS Admission in Bangladesh  might definitely give you a global advantage. Education Times is a group of counsellors who provide advice about higher education. Follow us for career advice, university selection, MBBS overseas application, VISA, and other MBBS abroad-related information. 9958565973 is the number to call if you want to get in touch with us.

    ReplyDelete
  12. There are many reasons to study mbbs in Kyrgyzstan. Kyrgyzstan provides international exposure, world recognized degree etc. Since you will get these benefits get admission now .
    For more details visit our website: Kyrgyzstan Education Centre

    ReplyDelete
  13. very informative post, good job and thanks for sharing such a good blog. for more information you can visit us at https://edu-visa.com/

    ReplyDelete
  14. This comment has been removed by the author.

    ReplyDelete