These documents and qualifications are required for education loan
These documents and qualifications are required for education loan
Education Loan: Many times such situations arise in a middle class family that financial problems arise in front of your career. Students do not have enough money to pay the huge fees of colleges and universities. That’s why many times students are not able to fulfill their dreams. In such a situation, education loan proves to be very helpful for the students.
Education loan from the bank for other courses including medical, engineering and management helps a lot in paying the fees. Even the dream of studying abroad can be fulfilled with an education loan. If you want to take an education loan, then let us know which documents you will need.
Documents required for education loan
For education loan from the bank, candidates need to produce 10th, 12th marksheet, bank passbook, income certificate, identity proof (passport/driving/voter ID), entrance exam result, proof of the course for which you have cleared the entrance exam, Other documents including age proof, Aadhar card of both students and parents are required. Along with this, it is also checked whether there is any previous loan outstanding in your name.
Eligibility for Education Loan
Candidates applying for education loan must be citizens of the country. The academic record of the candidate should be good. Also, what is the employability percentage of the course the candidate wants to apply for. Students are eligible for this loan after considering these aspects along with many other things.
For information, let us tell you that the bank provides different loan facilities. Under this, some students take loans themselves. At the same time, sometimes parents also take education loan in the name of their child’s education.
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