Education Loan in India - Things to Consider While Applying
Documentation –When you wish to borrow money from any bank they would verify your identity and credit worthiness so as to make themselves sure that they are lending money to someone who will repay what he has borrowed with interest. You need to know clearly the documents that you would be asked for and provide the bank with all the supporting documents so that there is no hindrance when your loan gets disbursed. Generally, following documents are the once that are asked for by most of the banks -
- Identity Proof
- Age Proof
- Address Proof
- Admission letter from college with fee structure
- Qualifying the entrance examination for admission in the specified course.
- Travel papers, passport, visa approval papers etc in case of foreign bound students.