Education Loan - Eligibility and Documents
If you dream of securing admission in one of the premier-league colleges, mere having talent and good academic record won't help today. The costs of education are going through the roof.
If you have talent and a decent academic record, the monetary constraints can be dealt with.
Wondering why and how?
Because these are one of the most primary eligibility criteria for getting an education loan approved from a financial institution.
Education loan has some salient features that set it apart from other loans. They are as follows:
However, almost every lending institution follows its set parameters to decide whether or not to approve a loan to an applicant. Nonetheless, a few criteria remain more or less same across all lenders.
Standard Eligibility Criteria for an Education Loan:
Things to know While Applying for an Education Loan:
Education loans can help fulfil your aspirations. However, don't forget to check the points mentioned above before you apply for a loan. You can check out more about the application process for education loan here.
The list of documents required to apply for an education loan:
Please note: This list is not exhaustive and depending on the relevance in loan underwriting, the lending institution can ask for additional documents.
If you have an impeccable academic record and if you can produce necessary documents without delay, getting education loans approved at Tata Capital is incredibly easy.