What Documents Are typically Required When Applying For an Education Loan

When applying for an education loan, several key documents are typically required. These include proof of identity (like a passport, Aadhaar card, or PAN card), proof of address, academic records (mark sheets, certificates), admission proof from the educational institution, fee structure details, bank statements, and income proof of the applicant or co-applicant (such as salary slips or tax returns). Additionally, lenders may request collateral documents if the loan amount is substantial. These documents help the lender assess the applicant’s eligibility and repayment capacity, ensuring that the loan is granted to deserving candidates for higher education. Readmore