All About the Documents Required for the SBI Education Loan

Documents Required for the SBI Education Loan

Documents Required for the SBI Education Loan: The State Bank of India is one of the most popular choices for study abroad education loans. The bank offers education loans up to INR 1.5 crore under different schemes. Documents required for an SBI Education loan include KYC documents, financial documents, academic documents, travel documents etc. The students are required to submit self-attested copies of all the documents as suggested by SBI before initiating the SBI Education loan disbursement process. Read on to know what are the major documents required for an SBI education loan.

What are the Documents Required for SBI Education Loan?

There are a lot of important documents required to submit for an education loan to study abroad. The bank asks for KYC documents in order to verify the credit report of the applicant as well as the co-applicant. Similarly, financial documents are required to assess the repayment capability and academic documents are required to verify the admission of the student. Check details on all types of documents required for an SBI Education loan to study abroad.

Also Read: Insurance is an important factor which you should consider while taking a loan. Check here all about SBI RiNn Raksha Education Loan Insurance

Academic Documents

Check some of the major academic documents required for an SBI student loan to study abroad:

  • Mark sheet of class 10th, 12th and Graduation (if applicable)
  • Entrance exam result
  • Proof of admission to the stated course (Offer Letter, Admission Letter etc)
  • Copies of letters conferring scholarship or any other grants
  • Gap certificate (if applicable)

KYC Documents

KYC refers to “Know Your Customer”. The bank asks for these documents to check the credit score and report of the applicant and co-applicant. Check the list of major KYC documents below:

  • Aadhaar Card
  • PAN Card
  • Driving License
  • Electricity Bill
  • Voter ID Card
  • Passport

Income Documents

Income documents are used to check the net monthly income and employment details of the co-applicant. Check all details below:

  • Last 3 months’ salary slips
  • Asset-Liability Statement of Co-applicant or the Guarantor (if taking loans above INR 7.50 lakhs)
  • Form 16 or the latest IT return
  • Business Address (for other than salaried person)
  • Last 6 months’ bank statement of Parent / Guardian/ Guarantor
  • Copy of Sale Deed and other related documents of title to property offered as collateral security

Also Read: Interest rate increased on education loan? Check out this blog and know all about Education Loan Refinancing

Important Guidelines

Though the bank will verify thoroughly all the documents submitted by the applicant, it is very important to double-check the documents before submission. Any single mistake may lead to the rejection of a loan application. The documents supporting the information provided in the loan application form must be self-attested and properly visible. Check some important guidelines which you should follow:

  • Cross-check the documents to ensure that it is properly visible
  • Make sure that the documents are self-attested
  • Some documents may also require to be attested by a gazetted officer.
  • Never use any outdated or forged documents as your loan will be straight-away rejected
  • Do not overwrite any information present in the documents


What are the primary documents required for an education loan from SBI?

The key documents required include proof of identity (such as an Aadhar card, or passport), proof of residence, academic records (10th and 12th mark sheets), an admission letter from the educational institution, and a completed application form.

Is a co-applicant necessary for the education loan, and what documents do they need to provide?

Yes, a co-applicant is usually required. The co-applicant can be a parent, guardian, or spouse. The co-applicant must provide proof of identity, residence, and income documents like salary slips, income tax returns, and bank statements.

What income-related documents are required for an education loan application?

Income-related documents for the borrower and co-applicant include salary slips, income tax returns, Form 16, and bank statements. SBI may also require a guarantor, and their income proof will also be needed.

Are there any specific documents required for collateral or security purposes?

Yes, if the loan amount exceeds INR 7.5 lakhs, collateral or security will be required as it will be a secured loan. Documents for collateral include property papers, land title deeds, and valuation reports. If providing a third-party guarantee, the guarantor’s property documents and financial proofs may also be necessary.

What documents are needed to show the course and fee details for the education loan application?

To show the details of the course and fee details, you will need to provide documents such as the admission letter from the educational institution, a prospectus or brochure indicating the course structure and fees, and any other relevant documents detailing the expenses associated with the education.

This was all about the documents required for an education loan from SBI. Check all the terms and conditions outlined in the loan agreement or the application form and submit the documents accordingly to ensure proper loan processing.

To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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