Education Loan Application Process

Fill up
Online Application Form

Credila Visit &
Submit Supporting Documents

Final Review,
Approval, Money
Transfered to Your Bank

Credila has a student friendly education loan application process:

Student: To complete Credila's online Education Loan Application Forms
Credila: To follow‐up with the student & parents to answer questions
Credila: Representative visits your house & collects signed application form with the supporting documents
Student: To provide a completed Education Loan Application form with all the required supporting documents
( Note: Students can apply to Credila for Education Loan even before confirmed admission )
Credila: Credit team to review & underwrite the Education Loan application
Credila: To approve the education loan or ask for any additional information required
Student: To complete the education loan disbursement formalities by signing the education loan agreement
Credila: The education loan amount is deposited in the required bank account electronically

1. Fully Completed Application Form
2. Photos
3. Photo ID
4. Residence Proof
5. Proof of Admission

6. Academic Documents
7. Bank Statements
8. Income Proof of Co‐Applicant
9. Immovable Property Document

1. Fully Completed and Signed Application Form –

To Download Loan Application Form in PDF Format Click Here

2. Two Passport Size Photos – Applicant and Co‐Applicant

One set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form

3. Photo ID – Applicant and Co‐Applicant (Any one of the following)

Permanent Account Number (PAN) Card
Passport
Driving License

Aadhaar Card
Voter's ID Card

4. Residence Proof – Applicant and Co‐Applicant (Any one of the following)

Passport
Driving License

Aadhaar Card
Voter's ID Card

5. Proof Of Admission (If available)

Printed Admission Letter From the Institute on its Letterhead With Institute’s Address

6. Academic Documents of Student

Marksheet/Certificate of 12th Exam
Marksheet/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.
Marksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)
GRE/GMAT/TOFEL/IELTS, etc. Marksheets (If applicable)
Scholarship Documents (if applicable)

7. Last 8 Months Bank Statements of Co‐Applicant

(If more than one bank account, provide copies of all)
Make sure to include the bank statements of the Bank Account where Salary or Business/
Professional receipts are credited every month.

8. Income Proof of Co‐Applicant

A. In case of Salaried Employee (All the following)

Latest 3 Salary Slips or Salary Certificate on Employer's Letterhead
Last 2 year's Form 16 from Employer or Last 2 Year's Income Tax Returns
Any Other Income Proof That is Not Reflected in the Above Documents

B. In case of Self Employed or Professional (All the following)

Last 2 Year's Income Tax Returns
Last 2 Year's Certified Financial Statements or Provisional Financial Statements Duly Certified by CA
Proof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)
Any Other Income Proof That is Not Reflected in the Above Documents

9. If, Collateral – Immovable Property (Flat, House, Non‐Agriculture Land) (All the Relevant Documents from the Following List)

Property Title Deed
7 / 12 extracts in case of land
Registered Sale Agreement Along With Society Share Certificate
Original Registration receipt for the above agreement
Allotment Letter By Municipal Corporation / Authorized Govt. Authority Like MHADA, CIDCO, etc. Please add HUDA, DDA, JDA, GIDC etc
Previous Chain of Sale Deed establishing title
Latest Maintenance bill alongwith Receipts issued by builder/ society,
Latest Property tax bill alongwith receipts,
NOC for mortgage from society/builder,
Approved building plan
Encumbrance certificates as on date etc

Note: Other than original completed application form, Please DO NOT provide any original supporting documents to Credila at the time of applying for loan. All the copies of the above provided documents should be self-attested.