Education and Career Forum

I am interested in pursuing PhD program in Biotechnology in USA. I've completed my M.Phil in the same subject this year. I want to apply an Education Loan for this from Bank of India. Can anyone please let me know that what documents are required and what is the procedure?

You need to approach the concerned branch of Bank of India for applying education loan. Approach the branch manager and have a discussion concerning education loan - its terms and conditions, your eligibility, the norms to follow. Express your request of education loan. Act as per the instructions of bank authority to get your education loan sanctioned.

Documents required to apply for education loan are :-

- Your previous academic certificates.
- Income certificate of the family members.
- House tax proof, other property's tax proof, LIC and other income proof of the co-borrower.
- 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.
- Passport size photographs and fee structure proof of the concerned institute.

If you have got confirmed admission in a recognised university abroad, then you can approach the manager of the respective bank for education loan application. You need to have documents supporting your admission for education loan application.

Loan will be sanctioned on the basis of your application. If you meet all the requirements of bank, then surely you will be granted loan.