Eligibility Criteria for Education Loan – Innetiq India

For Students

• Must be an Indian citizen, 18 years or older
• Should have secured admission into a recognized institution in India or abroad
• Courses should be graduate, postgraduate, diploma, or job-oriented professional programs
• Admission must be into UGC/AICTE/AIU/State or Internationally approved institutes
• If admission is pending, pre-admission sanction may be considered based on profile
• Must show academic performance and future repayment potential

For Co-Borrowers (Guarantors/Parents)

• Must be an Indian citizen — parent, guardian, sibling, or close blood relative
• Should have a regular income source (salaried or self-employed)
• Must hold an active Indian bank account and be capable of signing loan documents
• Will act as the primary loan repayer in case of default by the student

Documents Required for Education Loan – Innetiq India

Student Documents

• KYC Proof: Aadhaar, PAN Card, Passport, or Voter ID
• Address Proof: Aadhaar, Utility Bill, Passport, Driving License
• Academic Records: Mark sheets and certificates (10th, 12th, graduation, etc.)
• Admission Letter: Official admission proof from the educational institution
• Course Fee Structure: Breakdown of tuition and other applicable fees
• Passport & Visa (for international studies): If applying for education abroad
• Recent Passport-size Photos

Co-applicant (Parent/Guardian) Documents

• KYC & Address Proof: Aadhaar, PAN, Passport, etc.

Income Proof:

• For salaried: Salary slips (last 3 months), Form 16, bank statements (6 months)
• For self-employed: ITRs (last 2-3 years), business proof, bank statements

Other Supporting Documents

• Collateral Documents (if applicable): Property papers, valuation report, etc.
• Loan Application Form: Duly filled and signed
• Processing Fee Cheque: For initial loan processing