Home > Blogs > Documents Required for Education Loan

List of Documents Required for Education Loan

Post Date:- April 23, 2025
Author:- Shiva Krishna HR

Share this Article

Table of contents

Common Documents for Students and Co-Applicants

Documents for Students

Conclusion

Are you aspiring to study at a renowned university but worried about the expenses? Education loans can bridge the gap between your dreams and financial limitations.

While some believe that opting for a student loan is a privilege, the reality is quite different — it has become a necessity for many. Higher education is often expensive, yet it plays a crucial role in shaping your career and fulfilling your academic aspirations.

That’s where study loans come in. They empower you to pursue your desired course without the burden of financial stress, ensuring that money doesn’t stand in the way of your future.

However, the long list of criteria for a study loan, especially paperwork, can sometimes be overwhelming. The blog uncovers the list of the documents required for education loan. Knowing the documentation is crucial to streamline the procedure and turn your educational dreams into reality.

Documents Required for Education Loan

For a seamless and effortless study loan application procedure, you need to provide some documents along with your application form. The documents needed for student loan are as follows:

Common Documents for Students and Co-Applicants

Some common documents that both students and co-singers should submit are:

Duly Filled Out Application Form

The main document to begin the loan application process is the application form. Go to your education loan provider’s official website, and you will get the application form there. It is important because you mention all your crucial information, such as personal details and academic background. This form also has a list of specific loan requirements.

Passport-Size Photographs

A passport-size photograph is usually attached to your loan application form. It is highly crucial to identify and ensure your identity. Lenders use photos for identification purposes. Generally, they need 2 to 3 passport-size photographs per applicant.

Proof of Identification

Also, called KYC documents, identity proof is among the most important documents needed for student loan. It includes the following documents:

Proof Of Residence

The list of documents mentioned above in the identity proof section can act as the proof of residence. Other than that, there are other documents that are a part of residential proof. They are:

Collateral/Security Documents

Have you applied for a secured study loan? The collateral or security documents required for education loan are:

For plot or building: Title and sales deed, registration receipt, chain deed for the past 30 years, tax paid copy, and other government-issued certificates.
For FDs: A bank-issued fixed deposit certificate.
For insurance policies: The policy paper and Surrender Value certificate
For government bond: A valid bond certificate

Documents for Students

As a student, there are certain documents you need to submit. The education loan documents required for students are:

Proof of Income/Financial Documents

As a student, you should not have any current loan dues. Providing proof of financial stability is important for students. Since you are new to the financial world as an undergraduate student, your parents or co-applicants’ finances are thoroughly evaluated. But if you are a working professional, who wants to pursue post-graduate studies, lenders will thoroughly assess your finances. The financial documents required for education loan are as follows:

Salary slips of the last 6 months
Form 16
Bank account statement for the last 1 year for previous loans
Last two years' income tax return details
Turn over proof for self-employed and business owners
Business balance sheet of previous 2 years
Proof Business ownership for self-employed applicants
Extra documents for rent or pension income as applicable

Academic Records

Academic records are one of the most important documents required for education loan. As a student, providing your academic transcripts to prove your worth and eligibility. The academic documents that need to be submitted to secure an education loan are:

10th and 12th marksheets and certificates
Undergraduate marksheet and certificate for post-graduate degree courses
SSLC certificate
Results of standardised tests and entrance exams with the minimum prescribed score – GRE, GMAT, IELTS, TOEFL, PTE, SAT, Duolingo, etc.
Acceptance letter or confirmed admission proof from a recognized university. If you are yet to receive acceptance or confirmation for admission, you can negotiate with your lender
List of costs issued by a valid authority or self-attested with proof
Course prospects, if available
Gap certificate with proper justification if there has been an academic gap
Letter of Recommendation

Experience Certificate for Working Professionals

Imagine you are a working professional who wants to pursue higher studies. What documents should you provide other than the ones mentioned above? In such a scenario, you need to provide an experience certificate. Submitting a work experience letter will boost your application.

Co-Applicant/ Co-Signer Income Documents

Now, it’s time to know the education loan documents required for co-applicant or co-signer. The income documents for self-employed and salaried co-applicants are:

Self-Employed Co-Signers/Co-Applicants

The documents needed for student loan from self-employed co-applicants are as follows:

Bank account statement for past 1 year for previous loan from other Banks/Lenders
Proof of business address if applicable
Income Tax Returns acknowledged by IT Dept
TDS Certificate (Form 16A, if applicable)
Bank account statement for past 6 months

Salaried Co-Signers/Co-Applicants

The education loan documents required for salaried co-signers are as follows:

Bank account statement for past 1 year for previous loan from other Banks/Lenders
Salary Slip or Certificate
Copy of Form 16
Income Tax Returns acknowledged by IT Dept.
Bank account statement for preceding 6 months (of Salary Account)
Statements of Assets and Liabilities

Conclusion

Securing an education loan includes careful preparation and gathering of important documents. Proper documentation can make your path to obtaining a student loan seamless, bringing you near your educational and career goals. Study loans empower you to follow your educational dreams without worrying about finances. By familiarizing yourself with study loan criteria, preparing the documents required for an education loan and enhancing your eligibility, you can streamline the whole procedure and obtain the funding you require for your future.

Qck Loans offer a smooth, clear, and transparent loan procedure. Simply upload and complete your paperwork online to complete your loan application. Contact us and enjoy fast disbursement and flexible EMI plans that makes funding your education effortless and convenient. Contact our partner Career Gyan to get help and guidance regarding visa application, university admission process, crafting compelling SOPs, test preparation, and making study plans.

Ready To Level Up Your Future?

Get Your Education Loan in Just 3 Days!

Need Help in education loan

RBI Guidelines for Education Loans in 2025: What Every Student Should Know