What documents do I need to submit for my education loan application, and who is responsible for submitting them - the student or the student's family?
You submit your own KYC, academic records, and admission letter, while your parent or guardian, usually the co-applicant, provides income proof and 6 to 12 months of bank statements; together you both sign the loan application and agreement forms the bank requires before sanction.
You need to submit two sets of documents together: your own academic and identity records as the student, and your parent's or guardian's financial documents as the co-applicant, since most Indian banks treat the co-applicant as a joint borrower.
Who Submits What
| Document | Submitted By |
|---|---|
| Academic marksheets (10th, 12th, degree) | Student |
| Admission or offer letter | Student |
| Passport, for study abroad | Student |
| Student KYC (Aadhaar, PAN) | Student |
| Parent KYC and address proof | Parent or co-applicant |
| Salary slips or ITR | Parent or co-applicant |
| Bank statements, 6-12 months | Parent or co-applicant |
| Collateral or property papers | Owner or co-applicant |
Additional Documents You May Need
- Loan application form signed by both applicants
- Passport-size photographs
- Affidavit confirming no existing education loan
- Visa approval, once available
My Advice
Start collecting your parent's income proof and bank statements early since these take the longest to arrange, and confirm the exact checklist with your specific bank, such as SBI, Bank of Baroda, or Axis, since co-applicant rules vary slightly by lender.
Will you qualify for an education loan?
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