Education and Career Forum

Hello,
I have completed my MBBS and now
I want to do MD from US. Kindly tell me
what I have to do for applying Education
Loan from Bank? Please reply to me asap.

Originally Posted by Unregistered

Hello,
I have completed my MBBS and now
I want to do MD from US. Kindly tell me
what I have to do for applying Education
Loan from Bank? Please reply to me asap.

While applying for education loan in India you must be eligible for getting loan approved. If your course of study is in India and the course is offered in the college which is approved by UGC or AICTE or any government body then you are eligible.

Steps to apply for education loan:

• Check whether you are eligible for education loan or not with reference to above criteria.
• If you are eligible then go to particular site of nationalized bank or any private companies like Credila and Avanse, click on education loan section and check for interest rates.
• Check for Margin if you can provide margin while going for education loan.
• Check for documents which i have listed down.
• Fill your application form and go the particular or nearest branch or any agents will call you (In case of private company). They will again give you exhaustive list of documents.
• Once everything is done and all documents passed the sanity check, then you will be granted education loan.

You need to arrange below mentioned documents for education loan. Check List: (In reference to Credila education loan scheme)

Applicant:

1. ID proof.
2. 10th,12th & Graduation all Mark sheet certificate.
3. Admission Proof- College Offer Letter.
4. Salary Slip & Bank Statement. (if having Work experience)
5. 1 photo.

Co Borrower: If Salaried (Father or Mother or Brother or Sister or Relatives)

1. ID Proof – Pan Card.
2. Address Proof-Electricity Bill.
3. Sign Proof.
4. Salary slips (3 latest).
5. 2 year Form 16 .
6. 8 month bank statement.
7. 1 photo.

Originally Posted by Unregistered

Hello,
I have completed my MBBS and now
I want to do MD from US. Kindly tell me
what I have to do for applying Education
Loan from Bank? Please reply to me asap.

You must apply of for the abroad education loan. The procedure of the abroad education loan is somehow different from the normal loan. You must present all the documents related to your abroad study like: College name, college certification, college affiliation, college NOC as well as your own personal information along with the granter.