To apply for an education loan for studying abroad, you’ll typically need to provide the following documents:
Application Form: Complete the loan application form provided by the bank or financial institution.
Proof of Admission: A letter of admission or acceptance from the foreign educational institution.
Academic Records: Transcripts, certificates, and other academic records from your previous education.
Proof of Identity: A government-issued photo ID, such as a passport or driver’s license.
Proof of Address: Recent utility bills, bank statements, or any document that verifies your current residential address.
Passport Size Photographs: Recent passport-sized photographs as per the bank’s requirements.
Financial Documents: Bank statements, income proof (such as salary slips, income tax returns), and any other documents showing your financial status.
Collateral Documents: If the loan requires collateral, you will need to provide documents related to the property or asset being used as security.
Guarantor Details: If a guarantor is required, their personal details and financial documents will be needed.
Loan Agreement: Any forms or agreements related to the terms of the loan that you will need to sign.