The student taking the educational loan must be an Indian citizen, 18 years old or above

There must be confirmed admission in the Institute before final disbursement of the education loan

The student loan must be co-signed by an earning co-borrower in India


The co-borrower must be an Indian citizen and could be a parent, sibling, legal guardian, or a relative

The co-borrower must have a bank account in any bank in India, with cheque writing facilities

The co-borrower would necessarily be the primary debtor


Graduation, post-graduation and professional degree/diploma courses conducted by colleges/universities approved by UGC/AICTE/IMC/Govt. etc.

Technical/professional courses like engineering, medicine, law, management, aviation etc.

Document Required

Student KYC and educational documents

Course and fee details

Co-Borrower KYC and income documents

Collateral documents

Document Checklist : Checklist of Supporting Documents

ApplicantCo ApplicantAdditional Co- ApplicantGuarantor
2 color photos2 color photos2 color photos2 color photos
Photo IdPhoto IdPhoto IdPhoto Id
Residence ProofResidence ProofResidence ProofResidence Proof
Date of Birth ProofDate of Birth ProofDate of Birth ProofDate of Birth Proof
Signature VerificationSignature VerificationSignature VerificationSignature Verification
Academic Documents8 Months Bank Statement8 Months Bank StatementIncome Proof
Proof of AdmissionIncome ProofIncome ProofCollateral Documents
Fees StructureCollateral DocumentsCollateral Documents 
 Relationship ProofRelationship Proof 


While applying for your education loan procedure, kindly ensure the following:

Ascertain how much finance you need 

Finalise the course you plan to pursue and the university you would be studying in

Identify the co-applicant or guarantor

Check the documents required to be submitted

Submit the application form duly filled in and complete, in all respects

Apply for the education loan well in advance, to ensure timely disbursement

On submission of your admission confirmation, admission details will be verified with the institute or university and collect details like course duration and commencement, fee schedules, etc.

The education loan amount is provided by any one of the following mode:

DD –Demand Draft.


Or it is electronically transferred to the designated bank account.