The process of securing an education loan can often feel like a tiresome journey, involving multiple visits to banks and endless paperwork. At Cokonet Academy, we understand the frustration of navigating this complex process. That's why our Education Loan Assistance program comes as a breath of fresh air. With our strategic tie-ups with reputable financial institutions, we simplify the entire process for you.
We understand that a hassle-free education loan plays a pivotal role in enabling you to pursue your academic dreams without unnecessary stress. Our dedicated team ensures that every step of the loan application process is clear, efficient, and tailored to your needs. With our support, you can focus on your education while we navigate the financial details.
To be eligible for an educational loan from any bank in India, certain criteria need to be met:
1. Nationality: The student applying for the loan must be an Indian citizen.
2. Course Admission: Admission to a professional or technical course needs to be secured through entrance tests or selection programs.
3. Foreign University: Admission to a foreign university or institution is a prerequisite.
Here's a list of documents you'll need to provide:
1. Academic Records: Mark sheets from the most recent qualifying examinations in India, both school and graduate studies.
2. Proof of Admission: Documentation confirming your admission to the course.
3. Course Expenses: A clear outline of the anticipated expenses associated with the course.
4. Scholarship Confirmation: Copies of letters validating any scholarships awarded.
5. Foreign Exchange Permit: If applicable, copies of the foreign exchange permit.
6. Photographs: Two passport-size photographs.
7. Financial Statements: Bank statements for the last six months of the borrower.
8. Income Proof: Income tax assessment orders from the past two years.
9. Asset and Liability Statement: Brief statements detailing the borrower's assets and liabilities.
10. Identity and Residence: For non-existing bank customers, proof of identity and residence verification will be required.
