Banks/financial institutions consider the student’s parent(s) or guardian as a co-applicant of the student loan. Therefore, their role would be, necessarily, like the primary debtor.

You can avail a maximum of 40 lakhs towards an unsecured loan, while a secured loan has no set upper limit.

• The applicant and co-applicant should be over 18 years of age and a citizen of India
• The student needs to have secured at least 50% marks during H.S.C. and graduation
• Secured admission in India or abroad from a recognized
• college/institution
• The co-applicant should have a regular source of income

The following need to be submitted

• Income statements (Salary slip, Form 16, Income-Tax Returns of the last two years, and Computation of income of last two years certified by a Chartered Accountant)
• Bank Statement/Pass Book of the last six months
• Copy of the admission letter of the Institute along with the ‘fee schedule.’
• Mark sheets and/or pass certificates of S.S.C., H.S.C., Degree Courses, National level entrance test
• Age proof (birth certificate, passport, Aadhaar, P.A.N. card, driving license)
• Address proof (Aadhaar, passport, latest electricity bill, latest telephone bill, ration card, existing house lease agreement, bank account statement)
• Photo identification proofs (Aadhaar, voter id, P.A.N. card, passport, driving license)
• Passport size photos of the applicant and co-applicants
• Guarantor form (optional)