Bank Audit Checklist ~ Educational Loan
1. Loans are granted to borrowers residing NEAR THE BRANCH.
2. Guardian/parents’ profile with Photographs, ID & Address proof.
3. Copy of mark sheets & certificates of the student.
4. Documents should be self attested & verified with original.
5. CIBIL of guardian/parents.
6. Students pursuing their studies in affiliated universities/colleges ONLY.
7. Prospectus & Fee details.
8. Loan quantum is restricted to 10 % of the total tuition fee of the entire course.
9. If the student is a minor, is the loan granted only to the parent/guardian and
undertaking letter obtained from the minor on attaining majority?
10.Yearly progress reports/ course completion certificate/ employment details are
obtained.