Create Education Loan Affidavit Online
An affidavit for an education loan is a legal document in which the borrower makes a sworn statement regarding certain facts related to their financial situation, educational background, and intentions for utilizing the loan. This document is often required by banks and financial institutions as part of the loan application process.
Please provide mandatory details like your name, address, etc. to download your personalized Education Loan Affidavit.
Document last updated on: 29/03/2025
Frequently asked questions
An Affidavit of Education Loan is a legal document in which the borrower makes a sworn statement regarding certain facts related to their financial situation, educational background, and intentions for utilizing the loan. This document is often required by banks and financial institutions as part of the loan application process.
An affidavit serves as a formal declaration of the borrower’s financial status, eligibility, and purpose of the loan. It helps the lender verify the information provided in the application and can be used as legal evidence in case of any disputes.
Typically, an affidavit should include:
- Personal details of the borrower (name, address, age)
- Details of the course or program for which the loan is sought
- Total amount of the loan requested
- Financial details (income, assets, liabilities)
- Confirmation of the borrower’s intention to use the funds for educational purposes
- Any other relevant information as required by the lender.
A witness can be a person who is not related to the borrower and is of legal age (usually 18 years or older). This could be a friend, colleague, or a professional such as a lawyer or notary public.
Yes, in most cases, affidavits must be notarised to confirm the identity of the signer and to validate that the statement was made under oath.
Providing false information in an affidavit can lead to serious legal consequences, including penalties for perjury, denial of the loan application, or legal action from the lender.
The affidavit should be included with your loan application package when you submit it to the lender. Ensure that all required documents are attached and that the affidavit is properly signed and notarised.