What documents are required to show income proof for educational loan co-applicant?
You need to provide income proof for the educational loan co-applicant as follows:
- Salaried co-applicant: latest 3 months’ salary slips, Form 16, and Income Tax Returns (ITR) for the past 2 years.
- Self-employed co-applicant: Income Tax Returns (ITR) for the past 2 years, audited balance sheets, and profit & loss statements.
These documents help establish the co-applicant’s financial stability and ability to repay the loan.
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