What documents do I need to finalise my loan?

In order to finalize your loan application, it is essential to gather and submit the following documents.

• Provisional Offer Acceptance: You will find a task on your dashboard that requires you to verify your identity and provide the necessary documents. This step is crucial as it ensures that your identity is confirmed and that all the documentation is in order for the processing of your loan.
• Documents Required:
  • Identity:
    • You will need to provide a valid passport, including a color scan of the ID page. This serves as a primary form of identification.
    • Additionally, a selfie is required for identity confirmation purposes. This helps to further verify that the individual applying for the loan is indeed the person identified in the passport.
  • Proof of Address:
    • It is necessary to submit a document that clearly states your name and address. This document must be dated within the last three months to ensure that the information is current and accurate.
  • School Admission:
    • You must provide a letter, I-20 form, or an email from your school that includes your name, the name of the school, the course you have been accepted into, and confirmation of your acceptance. This documentation is vital as it verifies your enrollment status.
  • Credit Report:
    • A summary report from a credit agency is required. If you do not have any credit history, a "no hit" report must be provided to indicate that there are no records available.
  • Income Proof:
    • Pre-study: You will need to submit three months of salary slips along with one bank statement covering the last six months. This documentation demonstrates your financial stability prior to your studies.
    • Post-study: A signed employment contract confirmation is necessary to show that you have secured employment after completing your studies.
    • Part-time Study: For those studying part-time, you should provide three months of salary slips along with one bank statement from the last four months to reflect your income during your studies.
  • Savings/Family Contributions:
    • You will need to present official savings account statements that clearly show the declared savings. This provides proof of your financial resources.
    • If applicable, you should also include the contributor’s bank statements and a completed form to verify any family contributions.
    • Additionally, confirmation of payments made to the school can be counted as proof of savings, which is beneficial for your application.
  • Sponsorship/Scholarship Confirmation:
    • A letter on official letterhead that matches the amount stated in your application is required. This letter must be in a non-editable format to ensure its authenticity.
    • If applicable, a non-state tuition letter must be provided. This document should include your name, the name of the school, and must also be in a non-editable format.
• Submission Tips:
  • It is advisable to provide certified English copies of any documents that are in a local language. This will help in the processing of your application.
  • The team will handle any necessary currency conversions, so you do not need to worry about that aspect.
  • When uploading documents, ensure that they are in a non-editable format and are clear. Each document should include your name and the issue date for easy identification.