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#1
25th February 2018, 03:37 PM
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Do I have to handover all my academic certificates to Bank for Education Loan?
Hi everyone, I am preparing for various Engineering entrance exams. I am studying in 12th standard. I am looking to apply for an education loan for my B.Tech study. But I want to know first that I have to give my all academics certificate to the Bank?
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#2
3rd March 2018, 10:51 PM
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Re: Do I have to handover all my academic certificates to Bank for Education Loan?
Academic certificates don't have much monetary value. Hence, banks won't consider it as collateral or security for any education loan or any kind of loan.
Banks will only ask for collateral or security in the form of property papers or FD or anything which has some monetary value. |
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#3
4th March 2018, 05:30 PM
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Re: Do I have to handover all my academic certificates to Bank for Education Loan?
Quote:
You have to submit the following documents to avail an education loan: Fee schedule Letter of admission Completely filled application form Identity Proof (Driving License/AADHAR/Passport) Passport size photographs PAN Card of the student and parent Proof of residence Student/Co-borrower bank statement for last 6 months IT returns / IT assessment of the previous 2 years of parent Brief statement of assets & liabilities of parent Proof of income of parent |
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