Education Loan Documentation Requirements

When applying for an education loan with Buddy4Loan, it is important to ensure you have all the necessary documents ready for a smooth and hassle-free application process. Below is a detailed list of documents required:

---

Mandatory Documents

1. Student Documents

• Admission Letter: Proof of admission to a recognized institution in India or abroad.

• Academic Records: Mark sheets, certificates, and transcripts of previously completed courses.

• Proof of Identity: Aadhar Card, PAN Card, Passport, or any other government-approved ID.

• Proof of Address: Recent utility bill, rental agreement, or government-issued ID with address.

• Photographs: Passport-sized photographs (usually 2-4).

2. Co-Applicant Documents

• Identity Proof: Aadhar Card, PAN Card, Passport, or any other valid ID.

• Address Proof: Utility bills, property documents, or government-issued ID with address.

• Income Proof: Salary slips for the last 3 months, Form 16, or Income Tax Returns (ITR) for the past 2 years.

• Bank Statements: Bank account statements for the last 6 months.

3. Collateral Documents (If Applicable)

For secured loans, you will need documents for the collateral provided:

• Property Documents: Title deed, ownership proof, and property valuation report.

• Insurance Papers: If applicable, for the pledged property or asset.

• No Objection Certificate (NOC): From other co-owners, if the property is jointly owned.

---

Optional Documents

• Scholarship Letter: Proof of any scholarships or financial aid received.

• Gap Certificate: If there is a gap between studies, a certificate explaining the reason for the gap.

• Fee Structure: Provided by the institution, detailing tuition fees and other charges.

• Travel Documents: For study abroad loans, include visa, travel tickets, and accommodation proof.

---

Submission Process

1. Gather All Documents: Ensure all documents are accurate and up-to-date.

2. Upload Online: Scan and upload the required documents during the online application process.

3. Physical Verification: If required, submit originals for verification at the nearest Buddy4Loan branch or authorized center.

---

Important Notes

• Ensure all documents are legible and free of errors.

• Incomplete documentation may delay the loan approval process.

• Keep copies of all submitted documents for your reference.