ILLUSTRATIVE CHECK LIST FOR EDUCATION LOAN
PRE-SANCTION 1) Loan application on Bank’s Format 2) Copy of PAN Card of Co-Borrower (Parents/guardian) and student(if available) alongwith domicile proof 3) Residence proof of Co-Borrower (Parents/guardian)- Voter ID, Passport, Driving License; 4) Proof of Date of Birth of Borrower (Student)- School Certificate 5) Passport size Photograph of student/co-borrower & 3rd Party Guarantor(wherever applicable); 6) Proof of having secured eligible marks in last qualifying examination. 7) Letter of admission in College/Institute for pursuing Professional, Technical or Vocational courses, mentioning basis of admission i.e. whether merit based selection process OR based on marks in qualifying exam. 8) Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc, are mentioned; 9) Placement Record of the Institute. 10) Receipts of fee already paid, if any. 11) Detail of Assets & Liabilities of parent(s) alongwith documentary proof; 12) Form No. 16/ITR of co-borrower/guarantor. 13) In case of any existing loan, confirmation of the Bank/FI that the a/c is running regular. 14) Copy of Statement of Account ( for last 6 months in case of PNB a/c and one year in case of A/C with other Banks) 15) Photocopy of Passport & Visa, in case of study abroad 16) In case loan amount is more than Rs. 4.00 lacs: Ø Particulars of Guarantors and detail of their asset and liabilities and Ø If immoveable property offered as Collateral Security – copy of Title Deed, Valuation Certificate and Non-encumbrance Certificate from approved Lawyer of the Bank; 17)In case loan amount is more than Rs.7.50 lac- apart from parent/guardian being coborrower, collateral security namely, Equitable Mortgage of Immovable Property is required. 18) CIBIL Charges & ITR/Form 16 verification charges 19) Any other document/information, depending upon case to case and purpose of loan. POST-SANCTION
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Notarised Affidavit on Rs.10/- stamp paper Originals of all the above documents for verification One Stamp Paper of Rs.20/- in the name of Borrowers One stamp Paper of Rs.20/- in the name of Guarantor, if applicable. Blank cheques