Education Loan Eligibility Criteria

Banks have set eligibility criteria for education loans. Some of the important pre-requisites are mentioned in brief. A loan applicant has to be:

An Indian national

  • Aged 16-26 years of age or any other range specified by the bank.
  • Have a good academic track record.
  • Have parents or guardians with stable source of income.
  • Should have applied to a recognized university in India or abroad.
  • Should not be a minor.