Eligibility Criteria for Education Loan:

The eligibility criteria for education loans for Indian education are applicable for resident Indians. The eligibility criteria may require joint borrowers, third party guarantee or collateral security. Refer below to know more about the eligibility criteria for education loans for Indian education.

The following people are eligible to apply for an Education Loan for Indian Education:
1) Resident Indians 
2) Individuals between the ages of 16 and 35 
3) For Loan amount 4lac <=7.5lac: third party guarantee and parent(s) as joint borrower(s) 
4) For loan amount > 7.5lac: Tangible collateral security along with Parents to be joint borrower(s) 

**Note the above information may change without notice. Refer to the respective Bank Website for updated information.