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PAN Card Mandated For Educational Loans

Those of you planning to apply for educational loans don’t approach banks without pan card. It wasn’t compulsory before for students to have a pan card to apply for educational loans, increased default rate has forced banks to take such measures. By mandating pan card banks can track the defaulter using the pan number.

To apply for PAN card visit necessary details are available on the website. It may take anywhere between 7 to 10 days to get a PAN card.

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1 Comment

  1. Pankaj Arora

    Absolutely correct.
    Mark sheets of last qualifying examination
    Proof of admission
    Schedule of expenses for the specified course
    Passport Size Photograph
    Proof of address
    Age proof
    Prospectus of the course wherein entire fee structure is given
    In case collaterally security, relevant bank papers
    Photocopy of passport and visa in case of abroad studies
    PAN Card of the student and the Parent/ Guardian
    Borrower’s Bank account statement for the last six months
    Brief statement of assets and liabilities of the Co-borrower
    This is the list of required documents required for application of education loan which i found from which specifies that PAN Card is a must for loan.


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