What are the Documents required for applying a Student Loan ?

All students are required to submit mark sheets of last qualifying examination, poof of admission scholarship, schedule of expenses for the specified course, his/her bank account statement for the last six months, an income tax assessment order for the previous two years, a brief statement of assets and liabilities, of the co-borrower, which is usually the parent or guardian and proof of income, if any. Some banks require all or any of the following documents as pre sanction documents:

To furnish the following documents along with the completed application form. Relevant information would relate to the guardian and the student both, when the loan is jointly taken.

  1. Mark sheet of last qualifying examination for school and graduate studies in India
  2. Proof of admission to the course
  3. Schedule of expenses for the course
  4. Copies of letter confirming scholarship, etc.
  5. Copies of foreign exchange permit, if applicable.
  6. 2 passport size photographs
  7.  Statement of Bank account for the last six months of borrower.
  8. Income tax assessment order not more than 2 years old
  9. Brief statement of assets and liabilities of borrower.
  10. If you are not an existing bank customer you would also need to establish your identity and give proof of residence.

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