What is Education Loan

An education loan is a financial aid option designed to help students cover the costs of their educational expenses, including tuition fees, books, and living expenses. These loans are offered by banks, financial institutions, and government agencies, and they typically come with lower interest rates compared to other types of loans. Education loans often have flexible repayment options, allowing borrowers to start repaying after completing their education or securing a job. The aim is to support students in pursuing higher education without facing immediate financial burdens.

Documents for Education Loan

• Photo, Pan Card, Aadhar card (Student and Parents Both)
• For address proof- Aadhar Card, Electricity bill, Rent Agreement, Post paid bill (Student and Parents Both)
• Income Proof- 3year ITR with Computation (Parents Only), 3 Months salary slip or Form-16 for salaried parents and one year Banking statement of Parents.