How do you write a letter to bank for education loan?

Answer 1

You can write a letter to a bank for an education loan by first addressing the proper authority, such as the bank manager. You need to explain why exactly you are applying for an education loan.

Answer 2

Contact a bank near you that offers education loan, fill up the application form and submit all the documents they ask for.

What are the Documents Required for an Education Loan?

To be honest, the list below is only indicative and not exhaustive. The documents required may change from bank to bank.

1. Mark sheets of your last qualifying exam

2. Proof of admission into the college

3. Schedule of expenses for the course

4. Photographs (Usually passport size)

5. Bank Account Statement of the Borrower for the last six months (If Applicable)

6. Income tax Assessment statement of the guardian (Parents or Guardians)

7. Statement of Assets & Liabilities of the co-borrower (Parents or Guardians)

8. Proof of Income of the Guardian

9. Identity Proof like Driving License, Passport or Voters ID for both the student and the Guardian

10. Address Proof like Ration Card or Electricity Bill etc

I repeat, the list above is not exhaustive but it covers most of the documents that may be required to get an education loan.