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Documentation & Verification Process:You are required to submit the necessary documents to the bank, which will be verified together with the details in the application Credit & default check:Bank checks out the borrower's loan eligibility (through repayment capacity) & the amount of loan is confi...
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To take out private student loans, lenders will conduct a hard credit inquiry and request a full application, which could require proof of income, identity verification, proof of address and more. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us...