Check List to Educational Loan proposals under IBA Scheme for studies in India/Abroad

Sl For studies Whether

No Particulars For studies in India Abroad furnished
1 2 3* 4 5
1. Proof for residence Xerox copies of Ration Card or Voters Identity Card Same as in
or Passport or Electricity or Telephone bill or any Col.3* Yes/No
such document acceptable to the bank.
2. Academic record Copy of the X th std / XII th std mark list, for under Same as in
graduates. Degree mark list / provisional certificate Col.3 * Yes/No
for post graduates.
3. a. Date of birth/age SSLC / TC / Mark list. Same as in
Yes/No
b. Community Community certificate Col.3 * besides
(for statistical purpose only) Passport.
4. Family income Salary certificate / Pension certificate/ Auditor’s Same as in
certificate in case of business category / IT return Col.3 *
Yes/No
filed / Income certificate from competent authority
notified by State Government under ‘CSIS’ scheme
5. Admission Admission letter / Bonafide student certificate from Certificate / I 20
the College/University. from the College Yes/No
/ University.
6. Fee structure / Letter / Certificate from the College/ University/
Certificate / I 20
Approval of institution Affiliation/ Accredition details of the institution
from the College Yes/No
/ University.
7. Passport / VISA Not applicable Copies to be
enclosed. Yes/No

8. Co-obligation/ Parent’s / Guardian’s Co-obligation / Guarantors Same as in

Guarantee details to be furnished. Col.3 * Yes/No

9. Collateral, wherever LIC policy / Share certificates / Units of UTI etc..

required In case of land/ building, valuation certificate from
Same as in
Bank’s approved panel valuer and legal opinion Yes/No
Col.3 *
from Bank’s panel advocate will be obtained by the
branch directly.
10. Margin (Above Details regarding source of funds for meeting the Same as in
Rs.4.00 lacs) margin furnished along with documentary evidence. Col.3 *
For studies in
Yes/No
India : 5%
For studies
abroad : 15%
11. Declaration / affidavit Available in the loan application and to be signed by Same as in
stating that no the student borrower and parent. Col.3 *
Educational Loan is
Yes/No
availed from any other
bank by the applicant
and his parent
12. Documents to be (a) A & L of the student/ parent/ guardian / Same as in
enclosed guarantor Col.3 * Yes/No
(b) Details of securities as in Col.9