May 20, 2012

Mandatory Documents Required to Apply for an Education Loan

If you visit a bank to ask questions on an Education loan, the bank managers will explain that these are the essentials required to process a loan for education in U.S.

S.NO Documents Required
1 I-20
2 Two Color Photographs
3 Copy of Sale DD of Mortgaging Property
4 Property Link Document (For 30 Years)
5 Property Tax Receipts
6 Property Approval Plan from Muncipality
7 Property Layout
8 Residential Proof (Could be any utility bills)
9 Copies of All Your Academic Certificates

I know getting an education loan in India is complicated. I understood we need to work more to get a bank loan than scoring a good GRE score. It took almost two and half months to get my U.S education loan approval. You will get to experience how Indian government offices work (especially Revenue offices), how bribe plays a vital role etc. There comes a smile on my face, when I remember that the customers to my loan sanctioned bank thought that I was an employee at bank, as I almost spent most of the time for two and half months at bank.

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21 comments:

Indianist Online said...

I am Chris, i want to study MBA pls mail me the details of Education Loan Requirements and which bank is give loan for less interest pls .... 

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