Studying abroad sounds expensive, right? But here foreign education loan works as financial aid. However, to get a study abroad education loan, one will require to have numerous documents. On the other hand, both students and guardians are quite confused about which documents they should gather and pay more attention to as some of the documents take a little while to process. Although, we believe its always a better idea to prepare for such things beforehand. So, here is an A-Z guide of documentation for study abroad education loan!
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A must-have A-Z guide of documentation for study abroad education loan is here!
1. Proof of authenticity
- Adhaar Card
- Pan Card
- Driving license
- Valid passport
- Birth certificate
2. Proof of residence
- Adhaar Card
- Pan Card
- Driving license
- Latest electricity bill/ water bill/ landline bill
- Rent agreement
- Valid passport
- Voter ID card
- Any government-recognized document
3. Photo verification documents
- Passport size photo
- Adhaar Card
- Pan Card
- Driving license
- Valid passport
- Voter ID card
4. Academic documents
- 10th mark sheet
- 12th mark sheet
- Bachelor’s degree mark sheet (semester-wise result) if any
- English language proficiency test scores of IELTS/ TOEFL/ PTE etc.
- Standardized exam scores of GMA/ SAT/ GRE/ ACT etc. (if required)
5. Study abroad education-related documents
- Foreign university admission letter
- Proof of funds
- Insurance details
- Scholarship letter (if any)
- Visa approval
6. Income-related documents
- Income proof
- Bank statement
- Salary slip (if any)
- Form 16
- IT returns
- Business proof – GST registered (if any)
7. Movable property or liquid asset-related documents
- Portfolio or Dmat statement (if any)
- Original bond certificate
- Fixed Deposit
- LIC policy
- Government bonds
- Insurance proof
8. For Collateral, Immovable property-related documents
- Land or Property title deed
- Property sale agreement
- Allotment Letter
- NOC form builder or mortgage
- Completion certificate
- 7 or 12 extracts of the property
9. Bank-related documents
- Bank statement
- Copy of bank passbook
- Third-party agreement
Summing up, to get a study abroad education loan, you will need to have these documents on hand. However, the requirement for certain documents may vary from organization to organization. Yet these were some must-haves that you should immediately look for! Further, if you still have any queries, remember we are just one click away! Our team of experts which has extensive experience in study abroad and student support would love to assist you!
