Can I get a student loan on collateral basis, and what are the requirements for co-applicant ITR and property documents?

Yes, you can get a student loan in India on a collateral basis, especially for higher loan amounts. Lenders typically require collateral such as property, fixed deposits, or life insurance policies.

For co-applicant requirements:
- Co-applicant is mandatory (usually a parent or guardian).
- Salaried co-applicant: 2 years’ Income Tax Returns (ITR), latest 3 months’ salary slips, Form 16 for 2 years, and last 6 months’ bank statements.
- Self-employed co-applicant: 2 years’ ITR, business registration proof, balance sheet and profit & loss statement, and last 6 months’ bank statements.

For property documents:
- Title deed showing clear ownership.
- Encumbrance certificate (no legal claims).
- Latest property tax receipt.
- Approved building plan (if applicable).
- Valuation report from an approved valuer.

Requirements may vary between lenders and are subject to change.