SCHOLAR LOAN CHECK LIST

FOR STUDENT

(i) Mark sheet & Certificates (10th Onwards)

(ii) Documents evidencing the duration of course and commencement
thereof viz prospectus or certificate from the competent authority
of the institution.
(iii) Proof of admission to the course.
(iv) Schedule of expenses for the course.
(v) 2 Passport size photograph.
(vi) Statement of Bank account for the last six months of the borrower.
(vii) Identity Proof (Passport /Voter ID Card/PAN/ DL/College ID card etc)
(viii) Proof of residence (Elec. Bill/Tele Bill/ Passport with same
address/Credit Card Statement etc)

For Salaried Person :

(i) Latest salary slips showing all deduction.

(ii) Employment details for the last 5 years.
(iii) I.T Return & Form 16 for last 2 years.
(iv) Statement of assets and outstanding liabilities.

For Self-Employed / Professionals and Businessmen : -

(i) Proof of income.

(ii) Income Tax/Wealth Tax (if applicable) assessment orders not more
than 2 years old.
(iii) Assets and Liabilities Statement.

FOR CO- BORROWER (PARENTS/SPOUSE) :-

(i) Two copies of passport size photograph

(ii) Identity Proof (Passport /Voter ID Card/PAN/ Driving License etc)
(iii) Proof of residence (Elec. Bill/Tele Bill/ Passport (same
address)/Credit Card Statement etc)
(iv) Latest 3 months salary slips showing all deduction/ proof of
income.
(v) Statement of Bank account for the last six months.
(vi) I.T Return & Form 16 for last 2 years.
(vii) Savings Account with SBI.

Note- Retired person need only their ID& residential proof, their six
months bank statement and their SB Account with SBI.

Margin- 5% Max Loan A/c- Rs 15 lakhs No

Security/Collateral
Rate of Interest: 12% floating (0.5% rebate on R.O.I. for girl
candidates)

Repayment- 5-7 yrs Processing Time: 2-3 days if Co-borrower

comes along with the Candidate.

If Interest paid during the moratorium period, 1% rebate on the rate

of interest on overall loan

For further assistance, contact- 0657-2231365, 2224537,

9470199298 or sbi.04660@sbi.co.in