Education and Career Forum

Hello,
I want to get an Education Loan to study MBBS in UK, which is going to cost me upto Rs. 30 Lacs. But I need only Rs. 15 Lacs as an Education Loan. Kindly let me know what documents are required to apply for an Education Loan?

Below are the following documents required to apply for an education loan.

* Id and Address proof

* Bank statement

* College admission letter

* College prospectus and fee particulars

* Collateral security

* Latest passport sized photographs

* Photocopies of academic certificates

* Signature proof

* Date of birth certificate

* Visa approval papers

* GRE/ IELTS exam score card

Documents required to apply for education loan are given below. Since the education loan amount is more than 7.5 lakhs, so mortgage is required. Hence, along with the below documents registry papers (ownership papers) of the concerned mortgaged property will be required.

- Your previous academic certificates.
- Your previous or ongoing scholarship proof.
- Your admission letter and rank card if admission done through entrance exam.
- Prospectus of the concerned institute.
- Proof of approval of the concerned institute by competent authorities.
- Income certificate of the family members.
- House tax proof, other property's tax proof, LIC and other income proof of the co-borrower.
- House tax proof, other property's tax proof, LIC and other income proof of the third party guarantor.
- Passport size photographs and fee structure proof of the concerned institute.
- Signed loan documents as per bank orders.

To apply for an Education loan to study MBBS in UK, you must have to submit the following documents to the bank are :-
1. Admission Letter (i20)
2. TOEFL/IELTS examination score reports
3. Guranator Salary slips of last 6 months
4. Photographs (both your and Guranator)
5. Your Educational Certificates
6. Collateral Security Documents