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Documents Required for Abroad Education Loan

Documents Required for Abroad Education Loan

Applying from India for a study loan? This guide on documents required education loan abroad gives you a simple, lender-ready checklist so you can submit once and reuse everywhere. It explains exactly what students and co-applicants need—KYC, admission proof (I-20/CAS), test scores, bank statements—and what’s optional for secured loans (property papers), across banks, NBFCs, and international lenders. Requirements vary by provider/policy, so use this as your baseline and confirm specifics on the official lender page.

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Student Documents — Mandatory

  • Identity & Address: Passport (valid), Aadhaar, PAN, recent passport-size photo.
  • Admission Proof: University Offer/Admission Letter; for the US I-20, for the UK CAS, or the relevant country letter.
  • Education Records: 10th/12th mark sheets, semester-wise transcripts, degree certificate (if graduated).
  • Test Scores (If Applicable): IELTS/TOEFL/PTE; GRE/GMAT/SAT/ACT as required by your course.
  • Resume/SOP (Sometimes Asked): Brief CV and purpose statement.

Co-Applicant Documents — Mandatory (India Routes)

(Usually a parent/guardian/spouse for banks/NBFCs.)

    • KYC: PAN, Aadhaar, recent photo, address proof (passport/utility bill).
    • Income — Salaried: Last 3–6 months salary slips, Form 16, last 6 months bank statements, employee ID/offer letter.
    • Income — Self-Employed: Last 2–3 years ITR, GST/Business registration, basic P&L/Balance Sheet, 6–12 months bank statements.
    • Relationship Proof: Document showing relation to the student (passport/family card/affidavit if asked).
    • Credit Consent: Lender may fetch bureau score with consent.

       

Optional Documents — Secured (Collateral) Loans

(Skip if taking a purely unsecured loan.)

  • Property Papers: Title deed, sale agreement, latest tax receipt, approved plan/khata/RTC (as applicable).
  • Legal Chain: Past sale deeds/gift/will papers, if relevant.
  • Valuation & EC/NOC: Many banks arrange valuation; keep basic papers ready.

International Lenders — Common Requests (No Collateral / No Co-Signer)

  • Admission Proof: Offer letter/I-20/CAS.
  • Identity: Passport; visa stage if available.
  • Banking: Basic KYC and receiving account for disbursal.
     Note: Lender eligibility lists (program/university) apply; check each site.

     

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How To Prepare Your File — Step-By-Step

  • Create Folders: student/, coapplicant/, collateral/ (if any), university/fees/.
  • Scan As PDFs: 200–300 DPI, straight, readable; one PDF per category.
  • Name Files Clearly: student_passport.pdf, offer_letter_<university>.pdf, coapplicant_form16_2024.pdf.
  • Match Details: Ensure the same spelling across PAN, Aadhaar, Passport, Offer Letter.
  • Add A One-Page Cover Note: Course, university, country, intake, total cost, requested loan amount, co-applicant income, contacts.
  • Keep Originals Handy: For in-person or video KYC checks.

Quick Checklist — Copy & Save

  • Student Passport, Aadhaar, PAN, photo
  • Offer/Admission Letter (US I-20 / UK CAS / other)
  • 10th/12th + degree/semester Transcripts & Certificates
  • IELTS/TOEFL/PTE, GRE/GMAT/SAT (as applicable)
  • Student Bank Statements (6 months)
  • Co-Applicant KYC (PAN, Aadhaar, address proof)
  • Co-Applicant Income Proofs (salary slips/Form 16/ITR + bank statements)
  • Collateral Papers (only if secured loan)

Common Errors — And Fast Fixes

  • Missing Pages: Upload all pages of passports and statements → re-scan.
  • Blurred/Skewed Scans: Re-scan at 200–300 DPI; keep file sizes reasonable.
  • Name Mismatch: Use passport spelling everywhere; update KYC if needed.
  • No Cost Breakdown: Attach the official fee and living sheet.

     

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