The list of documents for verification is generally written on the offer letter provided.
On submission of the required set of documents requested by the financial partner, there would be steps such as a) Legal Verification b) Valuation etc. Once completed and found satisfactory you will receive communication to sign your loan agreement through our financial partners. We will coordinate your loan agreement and mortgage requirements with our financial partners. You would have a dedicated loan guidance counselor hand hold you throughout the process.
We may request that you provide proof of savings as per the amount provided in your application. Please upload relevant documents to your dashboard to complete this task.
If you have already made payments to the school, you may include confirmation of such payments as part of your proof of savings. This will include transfer receipts or a paid invoice from the school with the accompanying bank statement showing the outgoing payment from your account.
Eduloans funds up to 100% of the required fund for study. We would require you to prove availability of the remaining balance in liquid or semiliquid form like Gold Valuation, LIC NPV, Shares Market Value etc.
You will be required to upload a scan of an official document that proves your address. Examples include: utility bills, bank statements, official government documents, or similar documents sent to your residential address.
The document must carry your name and must have your current residential address on it (the same address identifying you in the draft Loan Agreement). It must be less than 3 months old.
Generally this process would take approximately 10 to 15 working days depending on the financial partner and the student. We recommend that the student should keep the entire set ready and submit the same in a single go rather than multiple times.
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