What paperwork do I need to apply for an education loan for studying abroad?

Question

Yash Mothia · Accepted Answer

A few basic documents are required to apply for an education loan to study abroad. The first one is the admission letter from the foreign university, which informs the bank that you are accepted into a program. Then, there comes proof of identity, which includes a passport, an Aadhaar card, proof of residence, and recent passport-sized photographs. Academic records, such as mark sheets from previous studies, also help prove your qualifications.
For a loan of a bigger amount, the bank mainly demands collateral, so you would require all the paper regarding that asset pledged, like ownership papers and financial documents of your co-applicant, including income statements, tax returns, and the bank statements, which inform the bank that you do have financial support for paying back.
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