Education Loan Application Process
1 
Fill up
Online Application Form
Fill up Online Application Form
2 
Credila Visit &
Submit Supporting Documents
Credila Visit & Submit Supporting Documents
3 
Final Review,
Approval, Money
Transfered to Your Bank
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 and Signed Application Form –
To Download Loan Application Form in PDF Format Click Here2. 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 Form3. 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 Address6. Academic Documents of Student
- Marksheet/Certificate of 12th Exam
- Marksheet/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.
- GRE/GMAT/TOEFL/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.
