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.