The most common complaint we hear from the study abroad education loan applicants is that the unclear list of documents to be arranged on time. Interestingly, submitting improper education loan documents is the most common reason for the rejection of the education loan application. Hence it is prudent to know all about the education loan documents required by the bank to process your education loan application on time. This article will give you better insights into the world of education loan documents. The fourth episode of Loanflix which is embedded below will help you to understand the numerous lists of documents which can help you to have an easy education loan process.

1. EDUCATION LOAN
DOCUMENTS REQUIRED BY
BANKS
Government funded
organization

2. Immovable
properties
(house, flat,
non-
agricultural
lands)
Liquid
securities
(FDs, Insuranc
e policies,
govt. bonds)
Types of Collateral
Few banks also accepts third party collateral which includes collateral
belonging to your uncle, aunt, friends etc

3. EDUCATION LOAN DOCUMENTS REQUIRED FOR
IMMOVABLE PROPERTIES The required
list of
education
loan
documents
when pledging
immovable
properties is
higher than
those required
for intangible
assets. Here is
the list of
education loan
documents
required if the
collateral is an
immovable
property
 Property title deed and the registered sale agreement.
 Original registration receipt for the above agreement.
 If any Allotment Letter issued By Municipal Corporation
/ Authorized Govt. Authority Like MHADA (Maharastra),
CIDCO (Maharastra), HUDA (Haryana), DDA (Delhi),
JDA (Jaipur), GIDC (Gujarat) etc. then that is required.
 = Chain deed or link document or clearance document
or even Encumbrance certificate (EC). It is required for
a period of 30 years. This document actually shows
the track record of who sold the property to whom in
last 30 yrs.
 Latest property tax copy or Latest electricity bill.
 Copy of municipality approved building plan or plot
layout is also required.
 If it is a flat then completion certificate and occupancy
certificate is required for constructed properties.

4. NOC from the builder/society is
required in bank’s format
All payment receipts of
transactions to the builder or
seller are required
Index II is required
A share certificate issued by the
society
Conveyance Deed of the society
Certified copy of board resolution
or Power of attorney from Builder,
is required
City Specific
Documents
EDUCATION LOAN DOCUMENTS – City Specific
Maharashtra

5. City Specific
Documents
EDUCATION LOAN DOCUMENTS – City Specific
Karnataka
In Bangalore, the municipal
corporation had divided the
properties into 3 types in 2007.
1. A Khata – Everyone accepts A
Khata (fully legal and had paid
all taxes )
2. B Khata - B Khata properties
are not acceptable. Public
banks doesn’t accepts B
Khata but private banks may
accept if there is DC
conversion
3. E Khata - It is acceptable but
ask you financial officer as it
may depend on case-by-case
basis

6. In Telangana, there is an
additional document
required which is LRS (Land
regularization scheme)
It is required for open plots
and BRS (Building
regularization scheme) is
required fro built up
properties
Notary registered properties
are not acceptable. This is
not considered as proper
registration of property
City Specific
Documents
EDUCATION LOAN DOCUMENTS – City Specific
Telangana

7. City Specific
Documents
EDUCATION LOAN DOCUMENTS – City Specific
Delhi NCR
Noida, Gurgaon – Most of the
properties are on Lease or
GPA or Power of attorney.
Such properties cannot be
considered for loans
Conveyance deed and DDA
allotment letter is required for
DDA flats (Conveyance deed
is executed in the cases of
freehold allotments only)
Lal Dora (Red line) properties
is not acceptable

8. Education loan documents required for liquid securities
If the collateral placed is liquid security, then the Education loan documents
required are fewer when compared to the education loan documents required for the
immovable property.
The FD must be with
the bank you are
taking a loan from.
An FD
paper/certificate is
the only education
loan document
required.
A Bond certificate
is the only
education loan
document
required.
Education loan
documents
required are
Policy paper and
Surrender value
certificate.

9.  There are other alternatives available if you do not have all the mandatory
education loan documents. Commencing your loan process through
WeMakeScholars will entail that our financial officers are constantly in
contact with you to guide through the entire process.
 Lawyers or land evaluator, more often than not, ask for the documents
that are not mandatory for the education loan process. This issue can be
resolved if you choose WeMakeScholars because we connect you
directly to those lawyers who are both approved by the bank and are
student-friendly.
 If you have any other questions regarding abroad education loan or any
other related topic, feel free to request a
call from WeMakeScholars support team for clarifications. We are very
active online and would love to answer your comments. So, feel free to
leave your comment at the end of this article or on our YouTube page.
Advantages of applying for education loan through
WeMakeScholars

10. WEMAKESCHOLARS IS A GOVERNMENT
FUNDED ORGANIZATOIN AND HAVE HELPED
THOUSANDS OF STUDENTS REACH THEIR
DREAM OF STUDYING ABROAD