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#1
3rd February 2017, 01:44 PM
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How does the Banks verify the Academic Grades if I apply for Education Loan for any College?
Respected Sir, I want to get an Education Loan for my studies because I belong from a Middle Class family so I need to know how does the Banks verify the Academic Grades if I apply for Education Loan for any College? Please explain briefly so that its easy for me to understand.
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#2
14th March 2017, 08:22 PM
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Re: How does the Banks verify the Academic Grades if I apply for Education Loan for any College?
No, Banks do not verify academic grades for sanction of Education loan. It is not one of the criteria for sanction of loan. You need to meet other essential requirements for sanction of loan.
Essential documents for sanction of loan; 1. Proof of Identity and address of parents and candidate. 2. Education loan containing fee structure. 3. Academic certificates. 4. Scorecard of entrance exam. 5. Income certificate etc. For loans above, 4.5 lacs, guarantor is required and for loans above 7.5 lacs, collateral is required. |
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