EDUCATION LOAN
5 IMPORTANT CHECKLIST FOR EDUCATION LOAN APPLICANTS
Published By MintGenie Team | 25 Dec, 2023
Education Loan
Financial planning is vital for Indian students aspiring to study abroad, facilitated by education loans.
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Timely Document Submission
Timely and accurate document submission is crucial for smooth loan approval and avoiding potential rejections.
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Here are some checklists for education loan applicants
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Identity & Address Proof
Various documents such as passport, PAN card, Aadhaar card, etc., validate identity and residence.
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Academic Credentials
Mark sheets, certificates, and test scores (TOEFL, IELTS, GRE, GMAT) reflect academic performance and eligibility for programs.
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Proof of Admission
Essential documents include the university's offer letter and a detailed fee structure outlining expenses.
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Financial Documents
Co-applicant documents like KYC and income proofs, bank statements, and income tax returns are vital for loan eligibility.
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Secured Loan Additional Requirements
Collateral-backed loans require additional documents such as property title deeds and building approvals.
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