- Types of documents required for an education loan
- KYC documents
- Academic documents
- Financial documents
- Collateral documents
- Documents required post sanction of an education loan
- Frequently asked questions
- Title deed & Sales deed
- Registration receipt
- Allotment letter
- Chain deed for the last 30 years
- Tax copy or electricity bill
- Government approved building plan
- Occupancy Certificate and Completion Certificate if the property is constructed
- For fixed deposits - FD Certificate
- For insurance policy - Policy paper and Surrender Value Certificate
- For government bonds - Bond certificate
- Khata Certificate
- Khata extract
- NOC from society
- Bill payment receipt
- Index II
- Share certificate
- Conveyance Deed
- LRS for lands
- BRS for buildings
- KYC documents of the applicant
- KYC and financial documents of the co-applicant
- Collateral documents, and
- Academic documents of the applicant
Updated on: 10 Oct 2023
9 min read
When it comes to pursuing higher education and realizing your academic aspirations, obtaining an education loan can be a significant step forward. However, one of the biggest hurdles in the loan application process is the confusion and uncertainty surrounding the documents required for an education loan.
When it comes to pursuing higher education and realizing your academic aspirations, obtaining an education loan can be a significant step forward. However, one of the biggest hurdles in the loan application process is the confusion and uncertainty surrounding the documents required for an education loan.
Table of Contents KYC stands for Know Your Customer and denotes the basic identity details of applicants and co-applicants in the loan application. A KYC document will be a valid identity proof issued by the government or a reliable body that can be used to verify your identity and address. The following are some of the KYC documents for education loans in India: KYC documents from the applicant KYC documents from the co-applicant Aadhar card Aadhar card PAN card PAN card Valid passport copy Voter’s ID Your current address proof is a must, and if that is not present in the KYC documents you submit, provide a current address proof such as a water/electricity/ LPG bill, current house lease agreement, or other similar documents. All your past academic records must be submitted to the lender as proof of academic eligibility. Note that the UGC declared 23 universities as fake in 2023, meaning your certificate from those universities will not be valid for an education loan. The following academic documents are typically required for an education loan: Academic document Conditions 10th result 50% or above pass 12th result 60% or above pass Undergraduate results (final and/or semester wise) 60% or above pass Entrance test results (GRE, GMAT, IELTS, TOEFL, Duolingo, SAT, ACT, etc.) The prescribed minimum score for the test Proof of admission/ Offer letter Should be valid at the time of applying for a loan Statement of cost of study/ Schedule of expenses Should document the major areas of funding for the loan College/ course prospects If available Copies of letter conferring scholarship, free-ship, etc. If available Gap certificate, if applicable Self-declaration from the student for gap in studies Looking For An Abroad Education Loan? The co-applicant’s financial history must be credible when you apply for a secured education loan. The bank ensures the financial trustworthiness of the co-applicant by analyzing the financial documents required for the loan you submit. Salaried co-applicant Self-employed co-applicant Salary slip of the last 3 months Business address proof (GST certificate/ MSME certificate/ Utility bill) Copy of Form 16 or IT Returns for the last 2-3 years TDS Certificate (Form 16A) Bank statement for the last 6 months IT returns for the last 6 months - 2 years if IT payee A brief statement of assets & liabilities Certificate of qualification for C.A., doctor and other professionals Collateral documents are most important for secured education loans as the education loan is entirely valued against the collateral provided. Given below are lists of collateral documents required for diverse collateral types like plots, buildings, and liquid collateral: Type of Collateral Documents Required For plots or buildings For liquid security In India, requirement for the property documents is not the same for all the states and union territories since property laws slightly vary among them. The following is a compilation of state-specific documents required for properties in some states of India: State Specific documents Karnataka Maharashtra Telangana The documentation process is not one sided; the lender also sends some documents as a response to your proper submission of documents. Once the lender approves your education loan application, you need to obtain from the lender the following documents to proceed with the loan process: Documents for disbursement Documents for repayment Education loan sanction letter Repayment Instructions Loan agreement Government interest subsidy claim record Disbursement Request Letter Eligibility document for the tax deduction under section 80 E University Fee Demand Letter Tuition fee rebate from taxable income under Section 80C Applicant's Academic Progress Report (Previous Semester) Record of the due principal amount of the loan along with the number of EMIs Copy of the payment receipt of the previous disbursement Fresh repayment instructions in case of full Post Dated Cheque (PDC) or swap of existing repayment instructions. Carefully note down the documents required for your application, do the paperwork, and you will have more chances of a successful loan application. We can help you ease the documentation work. Get a customized list of documents required for your education loan. Plus, we offer home pickup of documents for specific lenders, or students can upload the documents online on our website. Here’s how you initiate the process - check your education loan eligibility Read Also
Generally the lender will provide you the list of documents when you approach for an education loan. But the list of required documents will be a long one that may confuse you to comprehend. Also, it will be difficult to get a timely answer from the lender at every step of the loan application. What if I don’t have all the loan documents to apply for an education loan? Generally you must have all the crucial documents when you apply for an education loan. However, if you don’t have a document at the time of application but will be submitting sooner, you can contact your lender and submit it later if the lender approves the request. The major documents for an education loan are the same for banks and NBFCs, which are listed below: The elaborate checklist of documents differs with lenders depending on your profile. Contact your lenders to get the case-specific record of documents. The document requirement is simplified for international lenders like Prodigy Finance and MPOWER Financing since they provide education loans that do not require a collateral or co-applicant. Your personal identity and academic documents the major requirements to get an education loan from these international lenders. The documents you submit must be valid according to the lender’s terms. The financial documents must be recent in typical cases, though academic documents need not be very recent.
Inadequate or outdated documents can lead to processing delays or even the rejection of your application. To avoid that, here’s a guide to familiarize yourself with the specific documents required for your education loan application.KYC documents required for education loan
Along with the KYC documents, the applicant and the co-applicant must submit two copies of passport size photographs taken within the last 6 months. Academic documents required for education loan
Note: Given above is a general list, and you may not require all the documents or other case-specific documents might be required when you approach a lender.
Fill the form to get free expert helpFinancial documents required for education loan
Collateral documents required for education loan
State-specific documents
Documents required post sanction of an education loan
Understanding the rationale behind documents required for education loans and submitting them accurately at each stage of the application process is crucial. Proper loan documents establish your credibility and enables lenders assess your profile efficiently.
Frequently asked questions
Will my lender give me the list of education loan documents while applying for a loan?
Is the required loan document list same for banks and NBFCs?
What are the documents required to get an education loan from international lenders like Prodigy Finance and MPOWER Financing?
Should the documents required for loans be recent while applying for an education loan?

Anam Shams is a seasoned professional in the study abroad field with deep knowledge of admissions and loans. With a passion for helping aspiring students fulfill their academic dreams, Anam combines extensive experience with a commitment to simplifying the complex processes of studying overseas. A trusted advisor, Anam empowers students to navigate admissions seamlessly and secure financial support, making international education more accessible and attainable
Specializes in:
Education loan ,
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Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.
Specializes in:
Education loan ,
Study Abroad Admissions

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