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Education Loan Eligibility Criteria

Education Loan: Eligibility Criteria: Overview

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.

Education Loan: Eligibility Criteria: Basics

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Education Loan: Eligibility Criteria: Did you know...?

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Decision-making Corner

This tool will help you compare various education loans available in the market.          
This calculator tells you what is more advantageous - a floating rate or a fixed rate - for your loan.
Use our loan EMI calculator to calculate what your EMI could be for a give rate of interest.
Use this calculator to find out how your loan EMI is apportioned into principal and interest components for the loan tenure.
Use this calculator to find out how much interest you are paying on your loan.

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