Education loan without itr or form 16

Where should i try for secured eduction loan if my co-applicant doesn’t have itr or form 16?

Hi @rufus_mathew

Unfortunately, it would be impossible to get an education loan in the absence of an ITR or Form-16. Even for a secured education loan, the co-applicant is required to submit

  • Salary slips of last 3 months
  • Copy of Form 16 for last 2 years or copy of ITR for last 2 financial years
  • Bank account statement for the last 6 months

The same are required for an unsecured education loan as well.

However, you still have an option of international lenders, like Prodigy and MPower. These lenders provide education loans to international lenders without collateral and a co-applicant. The loan is sanctioned based on the student’s profile, academic records, ranking of the target course, college and university, and the future earning potential of the student.

For further information you can check out these links of Prodigy and MPower on our Gyandhan website :-

These lenders have a list of pre-approved courses, colleges and countries. To be eligible for a loan from these lenders, your target course/college/country should be on that list. You can get in touch with us to verify the same.

You can also check your loan eligibility here - Apply Education Loan For Abroad Study | Lowest Interest Rate Options | GyanDhan

Hope this answer helps you. For any further doubts, do post on this thread. All the best!