Credila Education Loan Documents Required – Complete List for 2025
July 08, 2025
Sohan
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Planning to apply for a Credila education loan through Student Cover? One of the most important steps in the loan process is submitting accurate documentation. Whether you're applying for a secured (collateral) or unsecured (non-collateral) loan, providing complete documents ensures a faster approval process, sometimes within just 48 hours.
In this guide, we’ve listed all the documents you need for both the applicant and co-applicant, along with specifics for collateral-based loans and non-collateral education loans.
Why Proper Documentation Matters
- Speeds up approval time (as fast as 24–48 hours)
- Reduces the chances of rejection or delay
- Enables accurate loan eligibility evaluation
- Mandatory for visa filing, sanction letter, and disbursement
Documents Required from the Student (Applicant)
| Document Type | Examples |
|---|---|
| Identity Proof | Passport, PAN Card, Aadhaar Card |
| Address Proof | Aadhaar, utility bills, passport |
| Admission Proof | Offer Letter, I-20, CAS, Admission Email |
| Academic Records | 10th, 12th, Graduation Mark Sheets, Degree |
| Entrance Test Scores | IELTS, GRE, GMAT, TOEFL, SAT, Duolingo |
| Statement of Expenses | Tuition fees, living expenses, travel, insurance |
| Loan Application Form | Filled and signed Credila loan application |
| Passport Size Photos | Recent colored passport-size photos |
Check your Credila Education loan eligibility criteria here
Co-Applicant Document Checklist
A co-applicant is mandatory for all Credila education loans. They can be a parent, sibling, spouse, or legal guardian.
| Document Type | Examples |
|---|---|
| Identity Proof | PAN Card, Passport, Voter ID |
| Address Proof | Aadhaar, utility bills, bank passbook |
| Relationship Proof | Birth certificate, family certificate, passport |
| Bank Statement | Last 6 months Income Proof |
- Salaried: Salary slips (3 months), Form 16 (2 years)
- Self-employed: ITR (2 years), CA-certified financials, business proof | Employment Proof | Employment letter or business registration | | Assets & Liabilities | Net worth certificate (recommended but optional) |
Want lower interest rates? Read the Credila Interest Rate & Processing Fee Guide
Additional Documents for Collateral-Based Loans
If you're opting for a secured education loan, you’ll need to submit property-related documents. Here's a list of what Credila requires:
| Document Type | Description |
|---|---|
| Title Deed | Original ownership documents of the property |
| Sale Deed | Document showing property transfer from the seller to the applicant |
| Encumbrance Certificate | Legal proof that the property has no pending dues |
| Property Tax Receipts | Latest tax-paid receipts |
| Occupancy Certificate | Issued by municipal authority (if applicable) |
| Legal & Valuation Report | Done by a Credila-approved lawyer and valuator |
| Building Approval Plan | Municipality-approved layout |
| Photographs of Property | Required for verification |
Collateral must be in the name of a co-applicant or immediate blood relative.
For Non-Collateral Loans: What You Still Need
Credila provides education loans without collateral, but the documentation must still prove financial backing and stable co-applicant income.
| Document Type | Requirement |
|---|---|
| Guarantor Relationship | Parent, sibling, spouse, or close relative |
| Income Proof | As mentioned above for co-applicant |
| Relationship Certificate | Government-issued document proving the relation |
| Academic Excellence | Higher grades or test scores improve non-collateral chances |
| Work Experience (if any) | Useful for MBA/MS applicants |
Final Thoughts
Submitting the right documents is key to getting your Credila education loan approved quickly and without hassle. With Student Cover, you’ll be guided through every step and notified of any missing or incorrect paperwork.
Ready to apply? Start your application here or call +91-9871377966.
FaQs
What documents are required for a Credila education loan?
You’ll need identity proof, address proof, admission letter, academic records, entrance test scores, and a filled loan application form. A co-applicant’s documents and income proof are also mandatory.
What documents are required from the co-applicant?
PAN card, Aadhaar, relationship proof, bank statements (6 months), and income proof such as salary slips or ITR for 2 years.
What property documents are needed for a collateral loan?
You’ll need the title deed, sale deed, encumbrance certificate, latest property tax receipts, occupancy certificate, and a legal/valuation report.
Can I apply for a non-collateral loan without income proof?
No. Even for non-collateral loans, a co-applicant with verifiable income proof is mandatory.
Is a relationship certificate required for the guarantor?
Yes, especially in non-collateral loans. Government-issued documents proving your relationship with the guarantor are needed.
Do I need to submit all documents at once?
Yes, submitting all documents in one go speeds up the approval process and avoids delays.
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