{"id":11304,"date":"2024-04-04T15:14:50","date_gmt":"2024-04-04T09:44:50","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=11304"},"modified":"2024-04-04T16:43:07","modified_gmt":"2024-04-04T11:13:07","slug":"idbi-education-loan-documents-required","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/","title":{"rendered":"IDBI Education Loan Documents Required"},"content":{"rendered":"\n<p>IDBI education loans are a preferred choice among aspiring students to study abroad. The bank provides education loans up to INR 75 lakhs at interest rates starting from 12%. To apply for the same, the applicant must submit the IDBI education loan application along with education loan documents. These documents relate to identity proof, address proof, KYC requirements, and academic transcripts.<\/p>\n\n\n\n<p>The bank then verifies all the documents and takes around 15-20 days to process the education loan subject to fulfilment of eligibility criteria. This blog will take you through the list of documents required for an IDBI education loan.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-what-are-the-documents-required-for-idbi-education-loan\" data-level=\"2\">What are the Documents Required for IDBI Education Loan?<\/a><ul><li><a href=\"#h-basic-kyc-documents\" data-level=\"3\">Basic KYC Documents<\/a><\/li><li><a href=\"#h-academic-documents\" data-level=\"3\">Academic Documents<\/a><\/li><li><a href=\"#h-financial-documents\" data-level=\"3\">Financial Documents<\/a><\/li><\/ul><\/li><li><a href=\"#h-idbi-education-loan-documents-related-to-disbursement\" data-level=\"2\">IDBI Education Loan Documents Related to Disbursement<\/a><\/li><li><a href=\"#h-faqs-on-central-bank-education-loan-documents-required\" data-level=\"2\">FAQs on Central Bank Education Loan Documents Required<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-documents-required-for-idbi-education-loan\"><span id=\"what-are-the-documents-required-for-idbi-education-loan\">What are the Documents Required for IDBI Education Loan?<\/span><\/h2>\n\n\n\n<p>To apply for an <a href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/\"><strong>IDBI Bank education loan to study abroad<\/strong><\/a>, the applicant must provide a lot of personal, academic, and financial details. To prove the same, they must submit documents like an Aadhaar Card, PAN Card, mark sheets, acceptance letter from the university, a list of study abroad expenses, and much more.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Want a quick education loan to study abroad? Check here all about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-education-loan-processing-time\/\"><strong>SBI Education Loan Processing Time<\/strong><\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-basic-kyc-documents\"><span id=\"basic-kyc-documents\">Basic KYC Documents<\/span><\/h3>\n\n\n\n<p>To provide proof of identity and address, the applicant must submit the KYC documents. Make sure that these documents are submitted by the government. These include-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhaar Card<\/li>\n\n\n\n<li>PAN Card<\/li>\n\n\n\n<li>Voter\u2019s ID<\/li>\n\n\n\n<li>Passport-size photographs of the applicant and co-applicant<\/li>\n\n\n\n<li>Passport of the student<\/li>\n\n\n\n<li>Copy of ID Card issued by the College or University<\/li>\n\n\n\n<li>Telephone Bill\/Electricity Bill\/Ration Card\/Property Card for address proof<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-academic-documents\"><span id=\"academic-documents\">Academic Documents<\/span><\/h3>\n\n\n\n<p>Academic documents are the most important documents for education loans. The bank verifies these documents to check your previous academic performance. Check some of the major academic documents required for the IDBI Education Loan below:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mark sheet of higher secondary exam<\/li>\n\n\n\n<li>Mark sheet of senior secondary exam<\/li>\n\n\n\n<li>Scorecard and certificate of undergraduate degree (if applicable)<\/li>\n\n\n\n<li>Gap certificate (if applicable)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-financial-documents\"><span id=\"financial-documents\">Financial Documents<\/span><\/h3>\n\n\n\n<p>Financial Documents are the most important ones when taking an education loan from any bank. These help the banks understand the repayment capacity of the applicant. These include documents relating to employment, business and collateral documents. Based on these, the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-interest-rate\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>IDBI education loan interest rate<\/strong><\/a> is determined.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business proof of the co-applicant<\/li>\n\n\n\n<li>ITR filing<\/li>\n\n\n\n<li>Salary Slips of the last 3 months for salaried employees<\/li>\n\n\n\n<li>Last 6 months\u2019 bank statement<\/li>\n\n\n\n<li>Last 2 years IT return<\/li>\n\n\n\n<li>Statement of assets and liabilities<\/li>\n\n\n\n<li>Copy of sale deed (in case of a secured loan)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-idbi-education-loan-documents-related-to-disbursement\"><span id=\"idbi-education-loan-documents-related-to-disbursement\">IDBI Education Loan Documents Related to Disbursement<\/span><\/h2>\n\n\n\n<p>The bank initially requires basic documents. If the loan is approved based on the supported documents required, IDBI Bank will further require post-loan sanction documents to initiate the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-bank-education-loan-disbursement-process\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>IDBI education loan disbursement process<\/strong><\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Offer Letter \/Admission Letter from the University for the course<\/li>\n\n\n\n<li>Schedule of expenses for the course&nbsp;<\/li>\n\n\n\n<li>Passport-size photographs&nbsp;<\/li>\n\n\n\n<li>Self-attested copy of VISA<\/li>\n\n\n\n<li>Self-attested copies of travel documents, if borrower claims reimbursement of travel expenses.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Did you know that you can take an education loan from a Credit Union? Know all about the <\/strong><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/forex-card\/axis-bank-forex-card\/\"><strong>benefits, features and workings of a Credit Union<\/strong><\/a><strong> in our blog.<\/strong><\/p>\n\n\n\n<p>IBDI Bank charges 1% of the total amount or a maximum of INR 5000 to process the education loan. Based on the verification of these documents, <a href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-processing-time\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>IDBI education loan processing time<\/strong><\/a> is around 15-20 days during which the bank will ascertain details like loan amount, interest rate, repayment tenure, and other important terms and conditions.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-central-bank-education-loan-documents-required\"><span id=\"faqs-on-central-bank-education-loan-documents-required\">FAQs on Central Bank Education Loan Documents Required<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1712146149801\"><strong class=\"schema-faq-question\"><strong>What documents are needed to apply for an education loan from IDBI Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">To apply for an IDBI education loan, the applicant must submit documents related to identity and address (like an Aadhar card, passport, or driving license), an admission letter from the educational institution, academic documents like mark sheets\/certificates of previous academic qualifications, income proof of the co-applicant, and collateral documents if applicable.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1712146151297\"><strong class=\"schema-faq-question\"><strong>Can I apply for an education loan without collateral from IDBI Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, the IDBI Bank offers education loans without collateral for certain loan amounts. Generally, loans up to INR 7.5 lakhs don\u2019t require collateral. However, for higher loan amounts, collateral may be necessary.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1712146152311\"><strong class=\"schema-faq-question\"><strong>What income documents are accepted for co-applicants when applying for an education loan from the IDBI Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">IDBI Bank accepts income documents such as salary slips for salaried individuals, income tax returns, and bank statements for self-employed individuals. These documents are necessary to assess the repayment capacity of the co-applicant.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1712146153318\"><strong class=\"schema-faq-question\"><strong>What documents must be submitted by the co-applicant to avail study abroad education loan from IDBI Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">The co-applicants must submit passport-sized photographs, documents related to age proof, identity, address and signature as per KYC norms. They must provide details of previous\/ existing loans if any along with business or income proof, asset and liability statement and relevant documentation as asked by the bank.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1712146154321\"><strong class=\"schema-faq-question\"><strong>How do I submit the required documents for an education loan to IDBI Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">You can submit the required documents online through the Vidya Lakshmi portal. You can also submit it by visiting the nearest IDBI Bank branch along with your loan application form.<\/p> <\/div> <\/div>\n\n\n\n<p>This is all the details on documents required for the IDBI Education Loan. Always submit all the documents properly and do not forge any of them so that you can get the loan quickly without any hassle.<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-of-india-education-loan-documents-required\/\"><strong>Union Bank Education Loan Documents Required<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/yono-sbi-education-loan\/\"><strong>YONO SBI Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-education-loan-disbursement-process\/\"><strong>SBI Education Loan Disbursement Process<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 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The bank provides education loans up to INR 75 lakhs at interest rates starting from 12%. To apply for the same, the applicant must submit the IDBI education loan application along with education loan documents. These documents relate to identity proof, address &#8230; <a title=\"IDBI Education Loan Documents Required\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/\" aria-label=\"Read more about IDBI Education Loan Documents Required\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":11326,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-11304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IDBI Education Loan Documents Required<\/title>\n<meta name=\"description\" content=\"Check all about IDBI Education Loan Documents Required here. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146149801","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146149801","name":"What documents are needed to apply for an education loan from IDBI Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To apply for an IDBI education loan, the applicant must submit documents related to identity and address (like an Aadhar card, passport, or driving license), an admission letter from the educational institution, academic documents like mark sheets\/certificates of previous academic qualifications, income proof of the co-applicant, and collateral documents if applicable.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146151297","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146151297","name":"Can I apply for an education loan without collateral from IDBI Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, the IDBI Bank offers education loans without collateral for certain loan amounts. Generally, loans up to INR 7.5 lakhs don\u2019t require collateral. However, for higher loan amounts, collateral may be necessary.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146152311","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146152311","name":"What income documents are accepted for co-applicants when applying for an education loan from the IDBI Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IDBI Bank accepts income documents such as salary slips for salaried individuals, income tax returns, and bank statements for self-employed individuals. These documents are necessary to assess the repayment capacity of the co-applicant.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146153318","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146153318","name":"What documents must be submitted by the co-applicant to avail study abroad education loan from IDBI Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The co-applicants must submit passport-sized photographs, documents related to age proof, identity, address and signature as per KYC norms. They must provide details of previous\/ existing loans if any along with business or income proof, asset and liability statement and relevant documentation as asked by the bank.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146154321","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-documents-required\/#faq-question-1712146154321","name":"How do I submit the required documents for an education loan to IDBI Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can submit the required documents online through the Vidya Lakshmi portal. 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