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.

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