The documents required for an education loan can vary by lender, but generally, you will need the following: 1. **Loan Application Form**: Completed application form provided by the lender. 2. **Identity Proof**: Government-issued ID such as Aadhar card, passport, or driver's license. 3. **Address Proof**: Utility bills, rental agreements, or any government-issued document with your address. 4. **Income Proof**: Salary slips, income tax returns, or bank statements of the co-applicant (usually a parent or guardian). 5. **Admission Letter**: Confirmation of admission from the educational institution. 6. **Course Details**: Information about the course, duration, and fee structure. 7. **Academic Records**: Previous educational qualifications and transcripts. 8. **Collateral Documents**: If the loan is secured, documents related to the collateral (property papers, etc.). 9. **Passport-sized Photographs**: Recent photographs as per the lender's requirements. Always check with your specific lender for any additional requirements or variations in documentation.

The documentation for education loan or student Loan is a little more descriptive than usual loan as the lender would want to know the academics of the student in order to decide the worth of the loan. The set of documents for different type of student loan can be different. Education Loan upto 4 lakh might not require guarantors and collateral documents. Student Loan from 4 to 7.5 lakh might not require collaterals. Overseas education loan will need Visa and passport copies, which is not relevant for domestic loans.

Lenders are extending money to student in form of Edu Loan. Lenders is extending loan considering that student will complete the course and will repay the money through EMIs as soon the moratorium period end. Banks/NBFC needs to evaluate student and the co-applicant / guarantor / borrower profile, their financials and credit history, existing income, residential details, and several other factors to evaluate risk and ensure there would be no defaults.

Most of the verification can be evaluated basis the documents which are extended to support each parameter. For example – Electricity bill, passport, rent agreement copy or other documents which is legal document to be established as residential proof. In details below, exhaustive check list of documents needed for processing Educational loan are mentioned. It is important to submit all documents in single process, it reduces unnecessary delays and follow-ups with lenders. It helps in getting sanctions and loan disbursed at earliest.