Education Loan Eligibility
Graduation, Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE/Department of Electronics / IMC, autonomous institutions like IIT,IIM etc. are the eligible courses in India and Job oriented, technical / professional courses- (graduation / post graduation) are the eligible courses to study abroad in Allahabad Bank Education Loan.
- Need based finance is permitted within a maximum of Rs.7.50 lakhs for inland study and Rs.15 lakhs for study abroad.
- Institutions offering courses should have approval of Central Govt. & State Govt./University affiliation/Autonomous Institutes/AICTE/DOEACC.
Education Loan Documents
Documents Required for Allahabad Bank Education Loan:
Documents |
Salaried |
Self |
ID Proof |
Co-Applicants :Passport Copy/ Voters ID card/ Driving License/copy of PAN Card | Co-Applicants :Passport Copy/ Voters ID card/ Driving License/Copy of PAN Card |
Address Proof |
Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement/ Passport copy | Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement / Passport copy/Trade license /Establishment or Sales Tax certificate |
DOB Proof |
Co-Applicant’s and Student’s: Birth Certificate or 10th Class Passing Certificate | Co-Applicant’s & Student’s :Birth Certificate or 10th Class Passing Certificate |
Financial Docs | Co-Applicant Salaried Individual:
(If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).
|
Co-Applicant Self Employed Individuals & Professionals:
(If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).
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