Education Loan
An education loan is designed to provide financial support to students pursuing higher education in India or abroad. It covers tuition fees, accommodation, travel, and other academic expenses. Most education loans require a co-applicant and may include a moratorium period during the course duration. Interest rates vary based on the course and institution, but many lenders offer subsidized rates and repayment flexibility to ensure that students can focus on their studies without financial stress.
🎯 Eligibility Criteria
Age:
18 to 35 years
Academic:
Admission to a recognized institute
Co Applicant:
Parent/guardian with stable income
Credit Score:
600+ for co-applicant preferred
Residency:
Resident Indian citizen
📄 Documents Required
PAN Card
Aadhaar Card
10th/12th marksheets
Admission letter from institute
Fee structure of the course
Bank statements (co-applicant)
Income proof of co-applicant (salary slips/ITR)