Education Loan Essentials: List Of Documents Needed Pre And Post Loan Sanction

Seeking an education loan?

You will need a set of documents that are required –

• During application
• After sanction
• At disbursals

Check out these documents. 

Before sanction

• Mark sheet or pass certificate of graduation or post-graduation studies
• Admission letter issued by the chosen institute
• Fee structure 

• Test score proofs, if applicable
• Identity and address proofs
• Income proof
• Bank statement
• Application form, filled and signed
• Passport-sized photographs

After sanction

• Repayment instructions
• Loan agreement, signed by the applicant and co-applicant
• Fee demand letter issued by the university 

After disbursal

• Applicant’s progress report
• Copy of payment receipt from the institute
• Filled disbursement request letter
• Visa and SWIFT advice copies for International Students

Other documents might be needed based on the lender’s requirements. Keep these documents handy for quick issuance of the education loan.

For hassle-free education loans, choose Metra Trust. Get collateral-free loans up to Rs.50 lakhs at attractive interest rates.