FAQ's

Documents check list:
STUDENT Required documents:
1. Colour passport size photograph
2. Pan card ,Passport and Aadhar card
3. 10th ,12th , Graduation Marksheet
4. University offer Letter
6. Entrance Exam Score card IELTS/GRE/GMAT/SAT

CO-APPLICANT DOCUMENTS:
1. Colour passport size photograph
2. Pan card, Aadhar card
3. Current and Permanent Address Proof (if address is different from aadhar card.)
4. Ownership proof: e-bill/water bill/sale deed with relationship proof

Income documents for co-applicant:
Salaried Case :
3 months salary slips, 6 months Salary Account Bank statement, 2 years Form 16 part A and Part B.
In case self-employed:
2 years ITR and computation of income , 6 months saving and current account Bank statement, GST Certificate

Yes, we required the co-signer. However co-signer can be financial or non-financial depending on the institute category.

If you directly approach a bank it may become a process of 10-15 days.
For your benefit we at The UniFund can get your loan approved in 3-5 working days.
However, ensuring secured Education Loans may take longer as it involves both techinical and legal assessment of the property.

Yes, there are tax benefits for education loans.
Under Section 80E of the Income Tax Act, you can claim a deduction on the interest paid on an education loan for up to 8 years. There is no upper limit on the amount of interest you can claim.
Tax Collected at Source (TCS) = 0, during the time of remittance if you utilize funds from education loans, as per Budget 2025.

Yes, there are tax benefits for education loans. For example:
Under Section 80E of the Income Tax Act, you can claim a deduction on the interest paid on an education loan for up to 8 years. There is no upper limit on the amount of interest you can claim

In such scenario you need to immediatly contact your bank to increase your morotorium period and bank have the wholesole rights to take the decision.

All the services at The UniFund are free of charge, even you will get rewarded if you apply through with us.

Yes, you can apply for the education loan even before your admission letter basis on your test score results and your previuos acadmics.

No, there is no hidden fee, we The UniFund assured you to give complete information on related fee from bank in advance.