Education and Career Forum

Hello Friends,
I want to apply for an Education Loan. I want to do MBA but don't know what documents I have to submit for applying the Education Loan. Kindly help me to know what papers required to apply for an Education Loan?

Documents required to apply for an Education loan to study MBA course are mentioned below :-

1. Admission Letter
2. Proof of Identity
3. Proof of Residence
4. IT Returns
5. Guarantor's last 6 months salary slips
6. Passport Size Photographs
7. Your academic certificates till Bachelor's degree
8. Collateral Security documents (if loan amount is greater than 7.5 lakh rupees)

You are interested to take the educational loan for your MBA degree. You want to know about the documents required to apply for the educational loan.

Following are the documents required for applying the educational loan:

--Admission Slip which you got from the college at the time of admission

--College fee structure (mentioning tuition fee, Hostel fee etc)

--10th, 12th , Graduation mark sheet (all semester)

--color photograph

--Address and Identity proof (PAN Card, Aadhar card etc)

--ITR file of your guardian

>> Firstly take a set of Xerox copy of all documents. After getting all these documents, visit to the nearest bank branch office from which you want to take the educational loan and then fill the application form. After filling the application form submit the application with the relevant documents. Your loan will be sanctioned within 10 days. You can also apply for the educational loan online from the official bank website.

There are various documents that might be asked by the bank, which is not quite possible to enumerate, however below I have mentioned the names of some the documents that are generally required for education loan in maximum banks and institutions.

> ID proof.

> Educational qualification certificates.

> Address proof.

> Guarantor's proof.

> Prospecting course fee details,

> Mortgage papers, etc.