Education and Career Forum

My son is 29 years and married and staying separately. He is not dependent on me. For applying for education loan whether father’s income is required as he is more than 25 years and living separately. Please clarify.

There is nothing like that the candidate who has attained the age of 25 years can't apply for an education loan on his father's income. The bank will ask you to provide the income proof of father mostly, if the candidate who wish to study is a working employee then, he can submit his own income proof. Since, you and your son are employees having income, you can submit any of your income proofs for applying for an education loan.

To apply for an Education loan, the Income Proof such as Salary Slips/ IT Returns are the mandatory documents that you need to submit to the bank.

If you are applying for an Education loan for your son's education, you can submit your Income proof or if he is earning, you can also use his Salary Slips/ IT returns for applying for an Education loan.

It doesn't matter whose Income Proofs they are, whether it is your's or your son's, the bank will take Income Proof just for formality and to check whether you are capable of paying the loan back to the bank, so, I suggest you to contact the bank once and ask them whose Income Proof is better to submit between your's and your's son's Income proof, so, that you can submit the best Income Proof which helps you to get an Education loan.