While the formalities vary for different banks while applying for an Education Loan, however, there are a set of formalities that are identical across the board, such as documents that you would require to disclose along with your Loan Application Form. The documents primarily include but not limited to:
We assist you in obtaining a bank loan for your overseas education. We guide you through the whole process – from loan application to documentation to liaison with private and national banks – to ensure you have a hassle free education loan to meet tuition and living expenses overseas.
We understand that the majority of students who want to pursue foreign education require bank loans. But, at times, availing them becomes a nightmare for both parents and students with endless visits to the bank, furnishing various documents etc. It is often observed that many fail in the attempt, not because they are ineligible but simply because they are not properly guided. This is where our bank loan assistance comes in handy. We at EDUPLANET provide effective advice in education loans. We have close tie ups with banks who readily offer loans to students who plan to study abroad.

Eligibility:

• The student seeking educational loan should be Indian national.
• The student should have secured admission to professional/ technical course through entrance test /selection program.
• The student should have secured admission to foreign university/institution.

Documents required : 

• Mark sheets of the last qualifying examination for school and graduate studies in India.
• Proof of admission to the course.
• Scheduling of expenses to the course.
• Copies of letter confirming the scholarship.
• Copies of foreign exchange permit, if applicable.
• Two passport size photographs.
• Bank statement for the last six months of the borrower.
• Income tax assessment order not more than two years.
• Brief statements of assets and liabilities of the borrower.
  If you are not an existing bank customer you would need to establish your identity and give proof of residence.

HDFC CREDILA an HDFC Ltd. Company, is India’s First Dedicated Education Loan Company. With specialized focus, in-depth understanding of the requirements of students who wish to pursue higher education, HDFC Credila offers Customized Education Loans Home Delivered.

HDFC Credila provides education loan with ease, convenience and speed & you can apply to Credila before admission confirmation too.

For Student-applicants:

• Proof of Identity (anyone): PAN/ Passport/ Driver’s License/ Voter ID card
• Proof of Residence/ Address (anyone): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhaar Card
  Passport
• Academic Records: 10th Result and 12th Result
• Graduation Result: Semester-wise (if applicable)
  Entrance Exam Result through which admission has been secured (GMAT, GRE, TOEFL or IELTS)
• Proof of admission: Offer Letter or Admission Letter from the Institution. Conditional admission letter may be considered in case of studies abroad.
• Statement of cost of study/ Schedule of expenses
• 2 passport-size photographs
• If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year.

For Co-applicants:

• Proof of Identity (anyone): PAN/ Passport/ Driver’s License/ Voter ID card.
• Proof of Residence/ Address (anyone): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or
• copy of Passport/ Driving License/ Aadhaar Card
• 2 passport-size photographs
• If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year.
  For Income Proof for Salaried Co-applicant/ Guarantor:
• Salary Slip or Salary Certificate of last 3 months
• Copy of Form 16 for last 2 years or a copy of IT Returns for the last 2 financial years, acknowledged by IT Dept.
• Bank account statement for the last 6 months (of Salary Account).

For Income Proof for Self-employed Co-applicant/ Guarantor:

• Business address proof (If applicable)
• IT returns for last 2 years (if IT payee)
• TDS Certificate (Form 16A, if applicable)
• Certificate of qualification (for C.A. / Doctor and other professionals)
• Bank account statement for last 6 months.