If you are planning to get an education loan, you must be aware of this document known as an affidavit. Education loan affidavit requirements arise when you plan to take an education loan from a lender. In this blog, we will understand in complete detail about affidavit and affidavit format for bank loans. Think of it like this: it is basically your promise, in writing and witnessed, to pay back the loan. It is a formal declaration where you, the borrower, assure the lender that you will honour the agreed-upon repayment plan. Lenders usually require this when you apply for an education loan for your higher studies.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/affidavit-for-education-loan