Documents Required for an Education Loan

Checklist for the student, co-borrower, collateral and study abroad — what banks ask for at application and disbursal.

Updated 27 September 2026 · 8 lenders tracked

Lowest education loan rate

6.75%

Union Bank Education Loan

What you need to know

Keep scanned copies ready before you apply — most delays come from missing fee schedules or co-borrower income papers. Lenders may ask for originals at sanction.

Student

PAN and Aadhaar; passport for study abroad
Passport-size photographs
Admission / offer letter and official fee schedule
Marksheets: Class 10, Class 12, graduation (as applicable)
Entrance-test scorecard (JEE, NEET, CAT, GRE, GMAT, IELTS/TOEFL, etc.)
Scholarship or fee-waiver letters, if any
Gap certificate or explanation for a break in studies

Co-borrower (parent / guardian)

PAN, Aadhaar and address proof
Salaried: last 3 salary slips, Form 16 or ITR for 2 years
Self-employed: ITR for 2–3 years with computation of income, business proof
Bank statements for the last 6 months
Details of existing loans

Collateral (secured loans)

Title deed and chain of documents
Encumbrance certificate
Approved building plan and latest property-tax receipt
Valuation and legal scrutiny reports (arranged by the bank)
For FD/LIC/NSC security: original deposit receipts or policy documents

Study abroad extras

I-20 (US), CAS (UK), CoE (Australia) or equivalent
Visa (usually before disbursal)
University cost-of-attendance estimate
Forex account or card details for living-expense tranches

What you receive

Sanction letter (often used as proof of funds for visa)
Key Facts Statement with APR, repayment schedule and all charges
Loan agreement and, for secured loans, mortgage documents

Frequently asked questions

Is PAN mandatory for the student?

Yes, most lenders require PAN for both the student and the co-borrower.

Do I need the visa before applying?

No. You can apply and get sanction with the admission letter; the visa is usually needed before the first disbursal.

For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.