Student Loans to Study Abroad – Documents Checklist

Documents required for education loan depend on the type of loan that any student takes. Secure Student Loans include submission of collateral documents while unsecured loans do not need such documents. A good portion of student loan applications result in rejection because of incomplete document submission. An even greater deal of NPAs (Non-performing assets) come from incomplete document submission. With student loans for study abroad, the documentation becomes even more confusing and repetitive. Some banks have laid down clear information about the documents required for education loan for abroad studies. But, even such banks fail to present the case-by-case contingency for documentation required for a smooth education loan sanction or disbursal. Here we’ll be informing you in detail about how can you prepare the documents required for education loan to study abroad.Colleges Admissions, Study Abroad, Login with user details, find Courses, Exams, Scholarships

Scholarship Registration and Login

Register for India’s Largest Study Abroad Scholarship Exam & Fair to meet country representatives and admission officials from over 300+ universities. Book your seats now to get assured scholarships.

With the recent changes in the lending rules, banks and NBFCs have reduced the amount of student loan documentation and made it easier for students to get education loan. The students, however, regularly find themselves trapped between offices of banks to arrange for the necessary documents. In terms of domestic education loans, while the documentation immediately stops after loan disbursal, for international admissions, the same documentation process continues even after the admission. Considering all these factors, documents required for student loan can be categorised as follows:-

Documents required for education loan – Process based

Pre-Approval Documentation: Documents submitted for student loan application process, KYC forms, collateral documents etc.

Post Approval Documentation: Documents required to confirm student loan application and approval, ‘admission offer letter’, loan agreement etc.

Post Sanction/Disbursal Documentation: Documents required to manage the education loan after sanction, college fee receipts, consent of co-applicant removal, etc.


Career Assessment Test

Documents required for education loan – Based on lender criteria

Academic documents: Documents regarding international admission, such as marksheets, admission letter, exam scores, passing certificates etc.

Financial documents: Documents required for education loan which define financial background of applicants like collateral deeds, bank statements etc.

Identification or KYC documents: Documents required to establish authenticity of applicant and opening a loan account. Documents like aadhaar card, utility bills, etc.

Legal and institutional documents: Documents which are specially mandatory for the completion of study abroad application like income-tax returns (ITR), visa documents, immigration approvals, affidavits of collateral and loan agreement

Subsidy Documents: Students commonly miss this particular set of documents while applying for student loan. These include documents related to income, gender, minority, to satisfy the subsidy criteria of government education loan subsidy schemes or private bank schemes.

Buddy4Study - Education Loan


Documents required for Education Loan – Banks vs. NBFCs vs. International lenders

The difference between getting an education loan to study abroad from government or private banks, NBFCs, or International private lenders is in the time taken to process the documents. With increase in amount of documents required for education loan, the amount of time taken to process them also increases. NBFCs reduce the amount of paperwork involved in loan processing by eliminating the most essential need of collateral for education loan.

Similarly some students whose documentation does not meet the standards of domestic student loan lenders, go for International Private Student Loans. These loans also require decent amount of paperwork for education loan processing. But they compensate the hassle by providing additional benefits of international credit line, better options for student loan refinancing and more. International scholarships for higher education also play a major role in documentation of education loan. Not all lenders accommodate adjustment of scholarships with the margin payments of student loans. Here is a comparative list of all the documents required for education loan taken from respective lending institutions:-

Documents required for Education Loan to Study Abroad from Government Banks, Private Banks and NBFCs

Identification Documents Personal Identification:-

  • Aadhaar Card
  • Voter’s ID card
  • Valid Passport
  • PAN Card

Address Proof:-

  • Driving License
  • Or any of the above

Age Proof:-

  • Birth Certificate
  • Or any of the above

Co-applicant identification:-

  • KYC Documents
  • Residence proof
  • Consent Letter
  • Power of Attorney (for NRI Co-borrower)
  • Copy of Visa for NRI Co-borrower (approved/stamped by competent authority)
  • Copy of work permit (for NRI Co-applicant)
Academic Documents Proof of Admission:-

  • Conditional Admission Letter or,
  • Unconditional Admission Letter

Previous academic record:-

  • Marksheets of qualifying examination (Class 12, Graduation, Post-graduation as applicable)
  • Degree/Certificate copy of CA, ICWA, CPA etc.

Supporting academic documents for study abroad

Financial Documents Immovable Collateral Documents (not mandatory for NBFCs):-

  • Land or property title deed
  • Property Sale agreement
  • Allotment Letter By Municipal Corporation / Authorized Govt. Authority
  • NOC from Builder or Mortgage
  • Extracts 7 or 12 of the property, land or otherwise
  • Encumbrance certificates

Bank Documents

  • Account Statement: at least 6 months, at most last 3 years
  • Copy of Bank Passbook
  • Third-party guarantee certificate/agreement

Movable property documents (not mandatory for NBFCs):-

  • Original Bond certificate (Gold bonds, Bearer bonds, etc.)
  • Original Policy document (Insurance)
  • Portfolio Statement- DMat
  • Original Fixed Deposit or Recurring Deposits certificates

Proof of income:-

  • Salary Slips (min: 6 months, max: 3 years)
  • Accounts and Tax Statements of Business approved by CA (min: 1 year, max: 3 years)
Institutional/Legal Documents
  • Immigration and Foreign University documents:-
    • Student acceptance letter (I-20 for USA, CAS for EU, etc.)
    • Visa approval forms (F-1, J-1, H-1 for USA, Short Stay/temporary stay visa in europe, etc.)
  • Indian Income Tax Returns (ITR): Min. last 2 years, Max: last 4 years
  • International Scholarship award certificate (if applicable)
  • Copies of Demand letter for fees from educational institution (not mandatory for NBFCs)
  • Copies of receipts for payment of academic fees (not mandatory for NBFCs)
Subsidy Documents (not applicable for NBFCs)
  • Minority caste certificate issued by relevant govt. authority
  • Documents regarding disability/illness (degree of disability)
  • Merit and extra-curricular certificates (if applicable)


Documents required for Education loan to study abroad with International Private Student Loan Lenders

Identification Documents
  • Valid Indian Passport
  • Utility Bills (Water, Electricity, Telecom etc.)
  • Age Proof (Birth Certificate)
  • Cosigner Identification documents:-
    • Citizenship proof (Social Security Number-SSN-USA, Voter’s Registration, Resident Card, etc.)
    • Tax Statements and proof of employment and/or business
  • Resume or Curriculum Vitae (student)
Academic Documents
  • Admission letter (conditional or unconditional)
  • Current qualification proof (copies of degree, marksheets etc.)
  • Scores for Admission test SAT, GRE, GMAT, LSAT, ACT, PTE, TOEFL, IELTS, HSK, etc.
Financial Documents
  • Credit Report (CIBIL)
  • Bank Statements (8 months to 3 years)
  • Proof of Savings (bank guarantee)
Institutional/Legal Documents
  • Immigration and Foreign University documents:-
    • Student acceptance letter (I-20 for USA, CAS for EU, etc.)
    • Visa approval forms (F-1, J-1, H-1 for USA, Short Stay/temporary stay visa in europe, etc.)
  • Proof of Sponsorship: Bank, College, Non-academic institution, etc.
  • Indian Income Tax Returns (ITR): Min. last 2 years, Max: last 4 years
  • International Scholarship award certificate (if applicable)
Subsidy Documents Not applicable


Additional requirements for DACA Student Loans and FAFSA Students Aid for education loan to Study abroad in USA

  • Permanent Resident Card I-551, or Conditional Green Card I-551C
  • Deferred Action for Childhood Arrivals (DACA) or Victims of Violence Against Women Act (VAWA) certification
  • Social Security Number or University issued Security Number

The process of admission to international universities requires emphasis on documentation and application. Sometimes banks have some specific documentation criteria apart from the generic conditions. The best part about documents required for education loan to study abroad is that they match with the documents required admission application for foreign universities. Any student preparing documents for application can easily compile student loan documents as well. The first step towards solving the student loan concerns is to compile the documents required for application first and then approach the lending institution.


Documents required for education loan to study abroad: Co-applicant management and turn-around-time

Timing of student loan application is very crucial. International Private Student Loan lenders have a general turn around time of 30-45 days. Similarly secure student loans for study abroad generally materialise within 10-20 days. Some NBFC organisations provide loans within 5-12 days as well, depending on the quality of documents for education loan provided by applicant. Post-application student loan management documentation is also a cautious concern for many students. Refinancing of student loan to study abroad requires a strong credit history and relevant documents to prove it. Removal or inclusion of co-applicant also requires students to produce valid documents. By referring to the above mentioned document checklist for student loans will help you make all these applications in the best suited manner. We wish you good luck for your studies abroad. Happy Learning!


  1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.
  2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.

Scholarships For

Upto Class 8 Class 1 to10 (Pre-Matric) Class 9 to 10 (Pre-Matric) Post-Matric(Class 11-12) Class 11 & 12 Class 12 passed Polytechnic/Diploma/ITI ITI Diploma/Polytechnic Graduation Post-Graduation Medical Engineering Girls NSP Portal Income Based SC/ST/OBC Law

Scholarship by State

NSP Scholarships Andhra Pradesh Arunachal Pradesh Assam Bihar Chandigarh Chhattisgarh Delhi Goa Gujarat Haryana Himachal Pradesh Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Punjab Rajasthan Sikkim Tamil Nadu Telangana Tripura Uttar Pradesh Uttarakhand West Bengal

Scholarships A to Z

Abdul Kalam Scholarship Aicte Internship AICTE NSP Scholarships Aicte Scholarship Aicte Swanath Scholarship Aikyashree Arunachal Pradesh scholarship Assam Scholarship Atul Maheshwari Scholarship Begum Hazrat Mahal National Scholarship Bihar Scholarship BYPL Sashakt Scholarship CBSE Scholarship Central Sector Scholarship CG Scholarship CG Scholarship Portal Chandigarh Scholarship Colgate Scholarship DCE Scholarship Delhi Scholarship Dhirubhai Ambani Scholarship Status of the Digital Gujarat Scholarship Disability Certificate Domicile Certificate Dr. Ambedkar Scholarship Dr. Ambedkar Scholarship, Haryana DRDO Scholarship Scheme For Girls DTE Scholarship in Maharashtra E Grantz E Grantz Login E Grantz Scholarship Status Kalyan Bihar Portal E Kalyan Status Epass Karnataka Ericsson Empowering Girls Scholarship Programme E. Samaj Kalyan Fellowships in India Gokdom Government Scholarships GSK Scholars Programme Gujarat Scholarship Haryana Scholarship Haryana Scholarship Portal HDFC Badhte Kadam Scholarship How to get a Caste Certificate HP Scholarship IET-India Scholarship Awards Immigration-Friendly Countries Income Certificate Indira Gandhi Single Girl Child Scholarship Inspire Scholarship Ishan Uday ITI Scholarships Jammu and Kashmir Scholarship Jharkhand Scholarship Jnanabhumi Application Status Kanyashree Karepass Karnataka Scholarships Kotak Kanya Scholarship Ladli Yojna Legrand Scholarship Mahadbt Mahadbt Login Mahadbt Scholarship Status Maharashtra Pre-Matric Scholarship Maharashtra Scholarship Manipur Scholarship MBA Scholarships in India MCM Scholarship Means Scholarship Meghalaya Scholarships Merck India Charitable Trust Scholarship Programme Merit Cum Means Scholarship For Minorities MHRD Scholarship MI Scholarship MOMA Scholarships MP Scholarship MP Scholarship Kyc MP Scholarship Portal MP Scholarship Status MYSY Scholarship Nabanna Scholarship Nagaland Scholarship National Scholarship Portal National Scholarship Portal (NSP) NMMS NSP Login NSP Renewal NSP UGC Scholarships Oasis Scholarship Oasis Scholarship Status OBC Scholarships Odisha Scholarship Olympiad ONGC Scholarship PFMS Login PFMS Scholarship Phd Scholarships PMRF PM Scholarship PMSSS Post Matric Scholarship Post-Matric Scholarship for Minorities Pragati Scholarship Pre-Matric Scholarship Pre-Matric Scholarship for Minorities Prerana Rajasthan Scholarship Rolls-Royce Unnati Scholarship Saksham Scholarship Programme for Drivers Children Saksham Scholarship Scheme Santoor Women's Scholarship SBI Asha Scholarship Programme SBI Education Loan SBI General Suraksha Support Scholarship Programme Schaeffler-India Hope Engineering Scholarship Scholarship Application Dos and Don'ts Scholarship Form Scholarships for Diploma Courses Scholarships for Indian Girls and Women Scholarships for North Eastern Students Scholarships for PG Students Scholarships for Undergraduates Scholarships in India Scholarship Status SC Scholarship SC ST Obc Scholarship Sensodyne Ida Shining Star Scholarship Programme Sitaram Jindal Scholarship SSP Scholarship ST Scholarship SVMCM Scholarship Eligibility Swami Vivekananda Scholarship Swami Vivekananda Scholarship Technip Energies India Scholarship Programme Telangana Scholarship The Tata Capital Pankh Scholarship Programme Top Scholarships for Medical Students Top Scholarships For Students Of Andhra Pradesh Tripura Scholarship Ugc Scholarship UP Post-Matric Scholarships UP Pre-Matric Scholarships UP Scholarship UP Scholarship Correction UP Scholarship Login UP Scholarship Registration UP Scholarship Renewal UP Scholarship Status Uttarakhand Scholarship Vidyalakshmi Portal Virchow Scholarship Programme VHTC WBMDFC West Bengal Scholarship