• Need-based finance with a ceiling of ₹7,50,000/- for studies in India.
• Need-based finance with a ceiling of ₹15,00,000/- for studies abroad.

• The applicant must be a permanent resident of Delhi.
• The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.
• The annual income of parents/guardian should be below ₹5,00,000/-.
• The applicant must have secured admission in a recognized/Government/Technical Institution in India or abroad.
• The College/Institute should have been offering the course for the last three years.
• The College/Institute should be recognized by the Central/State Government or by appropriate authorities such as UGC (University Grants Commission), AICTE (All India Council for Technical Education), etc.
• The duration of the course should not exceed 5 years.

• The borrower must not participate in any unlawful activity that would debar them from pursuing studies and must follow all rules and regulations laid down by the educational institution.
• The borrower must not enter into any pecuniary obligation or financial liability during the currency of the loan.
• The borrower must strive to secure suitable employment after completing the course and furnish full particulars of such employment, including income details, to DSFDC.

Pre-Sanction/With Application

• Copy of Aadhaar Card of Borrower (Applicant), Co-Borrower (Parents/Guardian), and Guarantor.
• Copy of Income Certificate issued by the Office of the SDM Concerned or Copy of Form No. 16 of Co-Borrower.
• Copy of Mark Sheet of the Last Examination on the Basis of Which the Applicant Has Obtained Admission in the Present/Particular Course.
• Four Passport Size Photographs of the Borrower, Co-Borrower, and Guarantor, and One Full-Size Photograph of the Borrower (In Case the Applicant Belongs to PwD Category).
• Copy of Birth Certificate/Age Proof.
• Copy of Caste Certificate for SC/ST/OBC Issued by the Concerned Area SDM/DC and Affidavit in Case of Minority Category. For PwD Category, a Disability Certificate (40% or More) Issued by the Medical Board of a Government Hospital, Delhi, is Required.
• Affidavit Stating That No Loan Has Been Availed from Any Government Agency for the Same Purpose.
• Copies of Letter Confirming Scholarship, Freeship, Studentship, If Any.
• Proof of Admission to the Recognized Course/Institute.
• Copy of Schedule of Payment for the Courses or Demand Notice from the Institution/University.
• Copies of Foreign Expenses Permit (If Applicable).
• Statement of Bank Account for the Last Six Months of the Borrower and Co-Borrower.
• Signature Identification of Borrower and Co-Borrower from the Bank.
• Statement of Assets and Liabilities of Borrower/Co-Borrower.

Post-Sanction

• Copy of Acceptance of Sanction-Cum Agreement Letter.
• Execution of Guarantee Deed.
• Execution of Hypothecation Deed.
• Affidavit of Legal Heir.
• Affidavit of Personal Guarantee by Borrower and Co-Borrower.
• ECS (Electronic Clearing Service)/Post-Dated Cheques.
• Processing Fee of ₹350/-.
• Two Witnesses Along with Copy of ID Proof.
• Copy of Last Year Result of Student.
• Undertaking for Non-Closing of Bank Account Till the Completion of Repayment.
• Documents Required in Respect of the Guarantor:
• Copy of Aadhaar Card/Election Card/Passport.
• Copy of Identity Card from Employer.
• Original Latest Pay Slip and Form 16.
• Copy of Age Proof of Guarantor(s).
• 04 Passport Size Photographs.
• Affidavit of Guarantor(s).
• 5 Post-Dated Cheques (PDC) from the Guarantor(s) in Case the Loan is Above ₹2,00,000/-.
• Copy of Guarantor(s) Undertaking to Stand as Guarantor/Surety.