Education loan for professional courses: what banks actually ask for
The admission letter is only the start of the file. Here is everything you should keep ready.
Banks and NBFCs sanction against a confirmed admission, so the admission letter comes first. After that, the file usually needs the institute fee structure on letterhead, your academic marksheets, entrance rank card, KYC of the student and the co-applicant, income proof of the co-applicant, bank statements for six to twelve months, and collateral papers where the amount crosses the unsecured limit.
Processing time depends far more on how complete the file is than on the amount you are asking for. We assemble and check the file for students admitted through us.