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Supporting Documents Needed
apply
 

Following are the supporting documents needed to apply for student educational loan:

 
Photographs
  1. Only Passport size colored photograph (Size: 4.0cm x 3.5cm) - 2 Nos. each
  2. Recent photographs only (Not older than 6 months)
  3. Photographs should not have anything written or stamped on it.
Proof of Admission From The Educational Institution
  • Printed admission letter from the Educational Institute on its letterhead mentioning all of following details
    1. Name of the Student
    2. Detailed Address of the Campus
    3. Contact information of the Educational Institute
    4. The course for which the student is offered an admission
    5. Date of commencement of the course
    6. Duration of the course
    7. The last date of reporting
    8. The last date of paying the fee
    9. Fee payment in favor of whom
  • In case of US Institutes, I-20 form is required
 
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Fees Structure From The Educational Institute
  1. Printed letter from the Educational Institute mentioning course fee for the course for which the student is offered an admission. This letter also needs to be signed by authorized representative from the Educational Institute.
  2. The fee structure published on the web or educational institute brochure is also acceptable provided it is up to date.
  3. Some educational institute mentions fee structure in the admission letter itself. It is acceptable.
Photo ID Proof
 
   Credila would accept any of the following documents as photo ID proof:
  1. Driving License
  2. PAN Card
  3. Voters ID Card
  4. Passport
  5. Bankers Verification
Date of Birth Proof
 
   Credila would accept any of the following documents as Date of Birth proof:
  1. PAN Card
  2. Passport
  3. Birth Certificate
  4. Some SSC certificates do mention birth certificate
  5. School or College Leaving Certificate
  6. Photo ID issued by State or Central Government of India mentioning date of birth
Residence Proof
 
   Credila would accept any of the following documents as Residence proof:
  1. Electricity bill of any provider (Not more than 3 months old)
  2. Telephone bill of any provider (Not more than 3 months old)
  3. Mobile bill of any provider (Not more than 3 months old)
  4. Bank statement (Not more than 3 months old)
  5. Registered rental agreement with NOC from the house owner
  6. Passport (Only if it is valid)
  7. Latest LIC / insurance premium receipt (Not more than 6 months old)
 
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Signature Authentication From Bank
 

Applicant's signature authentication from bank. It is imperative that the all the details should be mentioned in the format and it has to be signed by authorized person from the bank. It should also have the bank seal.

 
Income Proof of the Co-borrower
 
   Credila would accept any of the following documents as income proof of the co-borrower:
  • In case of salaried employees, all of the following:
    1. Salary Slips (Latest 3 salary slips, not more than 6 months old) or Salary Certificate on employer's letterhead signed by authorized person
    2. Form 16 provided by the co-borrower's employer. (Latest 3 years' Form 16)
    3. Income tax returns for last 3 years
    4. Latest 3 months Bank Statement (where salary is credited)
  • In case of self-employed and professionals, all of the following:
    1. Latest 3 months Bank Statement (where /income is credited)
    2. Last 2 years Income tax returns with computation of income / Certified Financials
    3. Proof of Turnover (Latest Sales / Service tax returns)
    4. Proof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt / title deed.
Collateral Documents
  1. Title Deed
  2. Land Purchase Agreement
Supporting Documents (Optional)
  1. Ration card copy
  2. Other loan details, if any
  3. Traveling expenses quotation
  4. Estimate of hostel and food expenses
  5. Educational documents of the co-borrower
  6. Other income details, if any
 
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