Checklist of Documents Required for Education Loan
TFL Education Loans
TFL offers Education Loans for students aspiring to study in India or abroad. With loans starting from Rs. 50,000 at attractive interest rates, students can pursue their dreams without financial barriers.
Eligibility Criteria:
To qualify for an Education Loan, students must meet the following requirements:
- Be an Indian Citizen.
- Have secured at least 50% marks in HSC (10+2) and Graduation.
- Have obtained admission to career-oriented courses such as Medicine, Engineering, Management, etc., at graduate or post-graduate levels.
- Have secured admission through an entrance test or merit-based selection process post-completion of HSC (10+2).
Documents for Education Loan for all other Individuals
KYC documents
Pass Book / Bank Statement of last 6 months
Optional – Guarantor Form
Copy of admission letter of the Institute along with fees schedule
Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses
Documents required for first disbursement documents required for the first disbursement
Demand letter from college or university.
Loan agreement signed by applicant, co-applicants
Sanction letter signed by applicant, co-applicants
Disbursement request form Receipts of margin money paid to the college/university along with bank statement reflecting the transaction signed by applicant, co-applicants
Documents for collateral security (if applicable
Form A2 signed by applicant or co-applicants in case of overseas institute.
Documents required for subsequent disbursement
Demand letter from college or university
Disbursement request form signed by applicant, co-applicants
Receipts of margin money paid to the college/university along with bank statements reflecting the transaction
Exam progress report, mark sheet, bonafide certificate (Any one)
Form A2 signed by applicant or co-applicants in case of the overseas institute.
For Terms and Conditions, please contact the D.M.A. TFL.
File Charges 3880.00/- (Security Amount) will be refunded three thousand with the loan amount & DOCUMENTARY FEES:- 880/-(NON- REFUNDABLE) & Rate of interest is 5.75%.
