Following are checklists to avail education loan. Please go through them to see that your loan is sanctioned easily without any hassle. 

If it’s less than 4 lakhs:

Students Docs-

a) 10th, 12th, Graduation, marksheet and all passing certificate.

b) Selection letter and fees Structure.

c) 2 Passport size photographs.

d) Any govt photo id/pan card/voting card/driving license

e) Passport (must for study in abroad)

f) Identity proof with signature.

g) Experience proof (if working). 

Co-borrower Docs - (Salaried employee):

a) Last 8 months bank statement required of salary account

b) Last 3 months salary slip

c) Last 3 yrs form 16, ITR

d) Pan card

e) Residential proof (electricity bill, Voter Id, Passport)

f) 2 Passport size photographs.

g) Loan schedule in case of existing loan.

i)  If using more than one bank account then 6 month bank statement. 

If self employed:

a) Last 3 yrs ITR

b) Last 3 yrs profit and loss A/c

c) Last 8 months bank statement

d) Pan card

e) Residential proof

f) 2 Passport size photographs.

g) Loan schedule in case of existing loan.

i)  If using more than one bank account then 6 months bank statement.

This is for more than 4 lakhs and when you have to give some security which is called

collateral/ Collateral Docs: 

a) Property Docs - Xerox copy

b) Fixed Deposit

c) LIC policies (Xerox copy) - surrender value also mentioned

Guarantor docs:

a) 2 passport size photographs.

b) Photo id.

c) Residence proof (electricity bill). 

Some banks may not require all these documents but some of the important documents are: 

» Admission letter of the Educational Institute giving details of year wise fee, boarding and lodging expenses.

» Letter confirming scholarship, if any 

   » Attested copies of documents for proof of age/date of birth and proof of residential address.

» Passport size photo of the applicant, co-obligants and guarantors.

» Copy of mark sheets/degree certificates of previous academic qualifications.

» Income proof/latest income tax return of parents/co-obligants, guarantors. (if any)

» Details of collateral security along with valuation certificate of Govt approved valuer (if any).

» Details/statements of Bank accounts held by the student applicant/co-obligant(s)/guarantors (if any)
   for the last six months.

» Copy of Passport/Visa, cost of air fare (documentary detail) in case of studies abroad.