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Documents one requires to get an education loan

While this is a great way to take care of all the expenses, students also need to make sure they have everything in place so as to go get the loan. They require certain education loan documents that need to be submitted to the financial institutions. Once the financial institutions get these documents, they review them and once the verification process is done, they finally sanction the loan.

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Documents one requires to get an education loan

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  1. Documents one requires to get an education loan

  2. A post-graduation degree is essential for a student to grow in his career. With such competition for jobs, one needs to be ahead of the curb when it comes to landing a good job in a reputed organization. But in order to pursue further expertise in your field of study, you need to pursue a professional course from a university, which as we know is quite a task to afford.

  3. One should especially be careful about the documentation process to ensure that the loan procedure goes smoothly. Even though there is no standard required documents list since all education loan providers have their own criteria, there are some common documents that each one will require.

  4. Here is a list containing all basic education loan documents that one should carry with them while applying for a loan: • The first point on the list is that any applicant applying for an education loan should be an Indian citizen • In order to apply for an education loan, the applicant should be between the age bracket of 16-35 • Applicant should carry 2 passport size photographs

  5. While this is a great way to take care of all the expenses, students also need to make sure they have everything in place so as to go get the loan. They require certain education loan documents that need to be submitted to the financial institutions. Once the financial institutions get these documents, they review them and once the verification process is done, they finally sanction the loan.

  6. Applicant should have the following academic certificates in order: • 10th Standard passing certificate • 12th Standard passing certificate • Certificate of graduation Education loan documents for identity proof include: • PAN card • Aadhaar card • Voter ID • Driving license • Passport

  7. Financial institutions also require address proof of the applicant, which include: • Ration card • Aadhaar card • Driver’s license • Passport • Electricity bill • Phone bill • Gas bill • Water bill

  8. These are the basic education loan documents that every applicant should carry while applying for an education loan. Now remember, every financial institution has its own requirements, so check with the one you are applying for a loan to about the documents they require.

  9. The documentation process is a major part of getting an education loan. Mistakes made during this process result in delaying both yours as well as the lender’s time.You do not want your application to get rejected just because you have made an error in adhering to their requirements Related Blog:- All about education loans

  10. Facebook:-https://www.facebook.com/AvanseEducationLoan/ Twitter:- https://twitter.com/avanseeduloan YouTube:-https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug Instagram:-https://www.instagram.com/avansefinancialservices/

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