An education loan is a type of financial assistance provided to students to help cover the costs associated with their education. These loans are specifically designed to support individuals in pursuing higher education, such as college or university degrees.

ELIGIBILITY CRITERIA OF EDUCATION LOAN

• The candidate applying for the loan must be a resident of India.
• He/she must have confirmed admission to recognised educational institutes in India or abroad.
• The age of the candidate must fall within the bracket of 18 to 35 years during loan application.
• He/she must be undergoing a graduate/postgraduate degree or a PG diploma.
• The applicant should have secured admission to a college or university affiliated with University Grants Commission (UGC)/All India Council for Technical Education (AICTE)/Govt. etc.
• Students pursuing full-time courses need to have a co-applicant who can be either a parent/guardian or spouse/parent-in-law (in the case of married candidates).
• The co-applicant must have a regular income source.
• A strong academic record facilitates speedy loan approval.

Documents for Student

• 2 Passport Size Photo
• Passport or Voter Id Card or Aadhar Card
• Pan Card
• College offer letter with Fee Structure
• 10th 12th and Higher Qualifications Marksheet
• Score Card
• Mobile Number

Documents for Co-applicant (SALARIED)

• One Passport Size Photo
• Passport or Voter Id Card or Aadhar Card
• Pan Card
• 7 Months Latest Saving Banking( Salary Account)
• 3 Months Salary Slip Latest
• Mobile Number
• Office I'd Card
• Complete Office Address

Documents for Co-applicant (Self Employed)

• One Passport Size Photo
• Passport or Voter Id Card or Aadhar Card
• Pan Card
• 1 Year Bank Statement
• 2Yrs Itr (With Full Finacials)
• Registration Proof
• Mobile Number
• Office Address Proof