{"id":559,"date":"2020-07-31T09:53:48","date_gmt":"2020-07-31T09:53:48","guid":{"rendered":"http:\/\/magicloans.in\/?p=559"},"modified":"2020-07-31T09:53:48","modified_gmt":"2020-07-31T09:53:48","slug":"education-loan-abroad","status":"publish","type":"post","link":"https:\/\/magicloans.in\/education-loan-abroad\/","title":{"rendered":"Education Loan Abroad"},"content":{"rendered":"
Be independent, help your parents, finance your higher education all be Yourself<\/strong><\/span><\/p>\nGet Instant Quotes on education loan interest rate, eligibility, payment options, waiver, subsidy of all Banks. Instant Apply for Education loans in India Online.<\/p>\nLatest Updates on Education Loan \u2013 None of the Bank Will Reject your Education loan application \u2013 So you Apply\/fill application for Education loan from any bank.<\/p>\nGrants for special education should be sought out earnestly by those were qualified for them. When it comes to grants, special-education students do qualify for both regular grants and special education grants. Students will want to apply for both types of grants to ensure that they get the funding they need.<\/p>\n <\/p>\n\n<\/div>Education Loan Documents<\/h2>\n\n\nDocuments Required<\/span><\/strong><\/h4>\nFollowing are the supporting documents needed to apply for education loan:<\/strong><\/span><\/p>\n1.<\/span> Fully Completed and Signed Application Form<\/p>\nTo Download Loan Application Form in PDF Format.<\/p>\n2.<\/span> Two Passport Size Photos – Applicant and Co-Applicant<\/p>\nOne set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form<\/p>\n3.<\/span> Photo ID – Applicant and Co-Applicant (Any one of the following)<\/p>\nPAN Card\nPassport\nDriving License\nVoters ID\nEmployee ID\nPhoto ID issued by the Central Govt. or State Govt.\nBankers Verification\/ Bank Passbook with photograph of account holder attested by bank<\/p>\n4<\/span>. Residence Proof – Applicant and Co-Applicant (Any one of the following)<\/p>\nPassport With Address\nBank Statement With Address\nDriver’s License with Address\nUtility Bill (Not older than 3 months)\nTelephone Bill (Not older than 3 months)\nRation card\nLatest LIC Premium Receipt (Not older than 3 months\nLeave and License Agreement supported with an address proof \/ utility bill in the name of the landlord\nVoter’s ID card<\/p>\n5.<\/span> Academic Documents of Student<\/p>\nMarksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Get Instant Quotes on education loan interest rate, eligibility, payment options, waiver, subsidy of all Banks. Instant Apply for Education loans in India Online.<\/p>\n
Latest Updates on Education Loan \u2013 None of the Bank Will Reject your Education loan application \u2013 So you Apply\/fill application for Education loan from any bank.<\/p>\n
Grants for special education should be sought out earnestly by those were qualified for them. When it comes to grants, special-education students do qualify for both regular grants and special education grants. Students will want to apply for both types of grants to ensure that they get the funding they need.<\/p>\n
<\/p>\n\n<\/div>
Following are the supporting documents needed to apply for education loan:<\/strong><\/span><\/p>\n1.<\/span> Fully Completed and Signed Application Form<\/p>\nTo Download Loan Application Form in PDF Format.<\/p>\n2.<\/span> Two Passport Size Photos – Applicant and Co-Applicant<\/p>\nOne set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form<\/p>\n3.<\/span> Photo ID – Applicant and Co-Applicant (Any one of the following)<\/p>\nPAN Card\nPassport\nDriving License\nVoters ID\nEmployee ID\nPhoto ID issued by the Central Govt. or State Govt.\nBankers Verification\/ Bank Passbook with photograph of account holder attested by bank<\/p>\n4<\/span>. Residence Proof – Applicant and Co-Applicant (Any one of the following)<\/p>\nPassport With Address\nBank Statement With Address\nDriver’s License with Address\nUtility Bill (Not older than 3 months)\nTelephone Bill (Not older than 3 months)\nRation card\nLatest LIC Premium Receipt (Not older than 3 months\nLeave and License Agreement supported with an address proof \/ utility bill in the name of the landlord\nVoter’s ID card<\/p>\n5.<\/span> Academic Documents of Student<\/p>\nMarksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
1.<\/span> Fully Completed and Signed Application Form<\/p>\nTo Download Loan Application Form in PDF Format.<\/p>\n2.<\/span> Two Passport Size Photos – Applicant and Co-Applicant<\/p>\nOne set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form<\/p>\n3.<\/span> Photo ID – Applicant and Co-Applicant (Any one of the following)<\/p>\nPAN Card\nPassport\nDriving License\nVoters ID\nEmployee ID\nPhoto ID issued by the Central Govt. or State Govt.\nBankers Verification\/ Bank Passbook with photograph of account holder attested by bank<\/p>\n4<\/span>. Residence Proof – Applicant and Co-Applicant (Any one of the following)<\/p>\nPassport With Address\nBank Statement With Address\nDriver’s License with Address\nUtility Bill (Not older than 3 months)\nTelephone Bill (Not older than 3 months)\nRation card\nLatest LIC Premium Receipt (Not older than 3 months\nLeave and License Agreement supported with an address proof \/ utility bill in the name of the landlord\nVoter’s ID card<\/p>\n5.<\/span> Academic Documents of Student<\/p>\nMarksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
To Download Loan Application Form in PDF Format.<\/p>\n
2.<\/span> Two Passport Size Photos – Applicant and Co-Applicant<\/p>\nOne set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form<\/p>\n3.<\/span> Photo ID – Applicant and Co-Applicant (Any one of the following)<\/p>\nPAN Card\nPassport\nDriving License\nVoters ID\nEmployee ID\nPhoto ID issued by the Central Govt. or State Govt.\nBankers Verification\/ Bank Passbook with photograph of account holder attested by bank<\/p>\n4<\/span>. Residence Proof – Applicant and Co-Applicant (Any one of the following)<\/p>\nPassport With Address\nBank Statement With Address\nDriver’s License with Address\nUtility Bill (Not older than 3 months)\nTelephone Bill (Not older than 3 months)\nRation card\nLatest LIC Premium Receipt (Not older than 3 months\nLeave and License Agreement supported with an address proof \/ utility bill in the name of the landlord\nVoter’s ID card<\/p>\n5.<\/span> Academic Documents of Student<\/p>\nMarksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
One set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form<\/p>\n
3.<\/span> Photo ID – Applicant and Co-Applicant (Any one of the following)<\/p>\nPAN Card\nPassport\nDriving License\nVoters ID\nEmployee ID\nPhoto ID issued by the Central Govt. or State Govt.\nBankers Verification\/ Bank Passbook with photograph of account holder attested by bank<\/p>\n4<\/span>. Residence Proof – Applicant and Co-Applicant (Any one of the following)<\/p>\nPassport With Address\nBank Statement With Address\nDriver’s License with Address\nUtility Bill (Not older than 3 months)\nTelephone Bill (Not older than 3 months)\nRation card\nLatest LIC Premium Receipt (Not older than 3 months\nLeave and License Agreement supported with an address proof \/ utility bill in the name of the landlord\nVoter’s ID card<\/p>\n5.<\/span> Academic Documents of Student<\/p>\nMarksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
PAN Card\nPassport\nDriving License\nVoters ID\nEmployee ID\nPhoto ID issued by the Central Govt. or State Govt.\nBankers Verification\/ Bank Passbook with photograph of account holder attested by bank<\/p>\n
4<\/span>. Residence Proof – Applicant and Co-Applicant (Any one of the following)<\/p>\nPassport With Address\nBank Statement With Address\nDriver’s License with Address\nUtility Bill (Not older than 3 months)\nTelephone Bill (Not older than 3 months)\nRation card\nLatest LIC Premium Receipt (Not older than 3 months\nLeave and License Agreement supported with an address proof \/ utility bill in the name of the landlord\nVoter’s ID card<\/p>\n5.<\/span> Academic Documents of Student<\/p>\nMarksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Passport With Address\nBank Statement With Address\nDriver’s License with Address\nUtility Bill (Not older than 3 months)\nTelephone Bill (Not older than 3 months)\nRation card\nLatest LIC Premium Receipt (Not older than 3 months\nLeave and License Agreement supported with an address proof \/ utility bill in the name of the landlord\nVoter’s ID card<\/p>\n
5.<\/span> Academic Documents of Student<\/p>\nMarksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Marksheet\/Certificate of 12th Exam\nMarksheet\/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.\nMarksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)\nGRE\/GMAT\/TOFEL\/LETS, etc Marksheets For US Applicant\nScholarship Documents (if applicable)<\/p>\n
6.<\/span> Proof Of Admission (If available)<\/p>\nPrinted Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Printed Admission Letter From the Institute on its Letterhead With Institute’s Address\nI-20 Form for the USA Applicant<\/p>\n
7.<\/span> Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all) Make sure to include the bank statements of the Bank Account where Salary or Business\/ Professional receipts are credited every month.<\/p>\n8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
8.<\/span> Income Proof of Co-Applicant<\/p>\nIn case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
In case of Salaried Employee (All the following)\nLatest 3 Salary Slips or Salary Certificate on Employer’s Letterhead\nLast 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns\nAny Other Income Proof That is Not Reflected in the Above Documents\nIn case of Self Employed or Professional (All the following)\nLast 2 Year’s Income Tax Returns\nLast 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA\nProof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)\nAny Other Income Proof That is Not Reflected in the Above Documents<\/p>\n
9<\/span>. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)<\/p>\nRegistered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Registered Sale Agreement Along With Society Share Certificate\nOriginal Registration receipt for the above agreement\nAllotment Letter By Municipal Corporation \/ Authorized Govt. Authority Like MHADA, CIDCO, etc.\nCommencement Certificate from Municipal Corporation\/Council\nPrevious Chain of Sale Deed establishing title\nAny other document as prescribed by our empanelled lawyers or chartered engineers from time to time<\/p>\n
10<\/span>. All the copies of the above provided documents should be self-attested<\/p>\nNote: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n <\/p>\n\n<\/div>Education Loan Eligibility<\/h2>\n\n\nEligibility Criteria<\/strong><\/span><\/h4>\nCheck Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Note: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.<\/p>\n
Check Your Eligibility Criteria Here:<\/span><\/strong><\/p>\n\nBorrower must be an Indian citizen<\/li>\nCo-borrower(s) must be an Indian citizen<\/li>\nBorrower must be 18 years of age or older<\/li>\nCo-borrower(s) must have a bank account in any bank in India with cheque writing facilities<\/li>\nConfirmed admission in the colleges before disbursement<\/li>\nBorrower and Co-borrower(s) to meet Credila’s credit and underwriting norms as applicable from time to time<\/li>\n<\/ul>\n <\/p>\nCo-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n
Co-Borrower Requirements<\/strong><\/span><\/p>\n\nIt is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.<\/li>\nCo-borrower(s) may be any of the following relatives, viz Father \/ Mother \/ Brother \/ Sister (married) \/Spouse, where such co-borrower’s income would be considered in determining the loan eligibility per Credila’s credit and underwriting norms;<\/li>\nCo-borrower’s liability is co extensive with the Student;<\/li>\nCo-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila;<\/li>\n<\/ul>\nIn case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
In case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"
* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with. Education Loan Be independent, help your parents, finance your higher education all be Yourself Get Instant Quotes on education loan… Read More »Education Loan Abroad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}