Educational Loans
LOAN PROCEDURE AND REQUIREMENTS
What are the basic requirement for an educational loan?
The Basic requirements to acquire an Education Loan are
- Have secured admission in overseas institutions
- Should be above 18 years of age
- Should be an Indian
What types of documents are required?
Documents Required for Educational Loan Identity Proof
- Age Proof
- Proof of Residence
- Family Income proof
- Property Registration Papers
- Property Valuation Papers
- Certified copy of examinations passed & mark-sheets
- Proof of having secured admission in foreign institution
- Fee installment schedule as given to student by institution
- Valid Passport & Visa copy
NOTE : A student can take a maximum amount of 60 lakhs for studies abroad.
Education Loan covers the following expenses Tuition Fees
- Examination Fees
- Library Fees
- Laboratory Fees
- Books & study materials
- Instruments & equipments
- Living expenses (i.e. Boarding and Lodging)
- Health Insurance premium
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