Can I get education loan without admission letter?

No. You can apply for education loan before getting admission confirmation from University / College. If your case is approved, you’ll get a conditional loan sanction letter. Students and parents feel confident to apply for better colleges, without worrying about how to fund the education cost.

What is proof of admission for education loan?

Proof of admission: conditional offer letter/letter of admission/permanent admission letter/counselling seat allocation certificate/bonafide certificate. Records/documents of academic fees breakup. College/University/Institution placement records (not mandatory for all banks)

Can I get education loan for direct admission?

Yes, you are eligible for the education loan merit students taking admission in recognised private institutions under management quota will also be eligible for bank education loans.

How can I get a student loan without security?

However, you can get an education loan without pledging any security. The Credit Guarantee Fund for Education Loans (CGFEL) Scheme provides a guarantee for education loan dispersed by banks under the Model Education Loan Scheme of Indian Banks’ Association (IBA).

How to apply for education loan without collateral?

The loan procedure for collateral-free loans is simple as compared to collateral-based education loans. Here are the steps described in brief, involved for availing an education loan without collateral: Fill the online application form WeMakeScholars provides the list of documents and connects you with the bank’s nearest and fastest branch.

How can I Check my eligibility for education loan online?

Procedure to check eligibility Visit the official website of Bank Bazaar. Go to the ‘Loan’ section and click on ‘Education Loan’ tab. Alternately you can also hit the ‘Apply Now’ tab present on the website to get redirected to the education loan page.

Can I apply for an education loan if my application is rejected?

Yes, you can apply for an education loan in case your application is rejected the first time. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners.

What documents are required to apply for an education loan?

Following documents are required to apply for an education loan: Filled application form Photographs: Passport size photographs of the applicant and the co-applicant. Photo ID: Photo ID of the applicant and the co-applicant. Residence proof: Resident proof of the applicant and the co-applicant Academic documents: