Education Loan
Education Loan Eligibility Checker
Education loans are typically assessed on a combination of the student's academic profile, the institution/course being pursued, and a co-applicant's (usually a parent's) income and credit profile, since students rarely have independent income during the loan tenure.
Education Loan at a Glance
| Interest Rate | 9% – 15% p.a. |
|---|---|
| Loan Amount | Up to ₹1.5 Crore |
| Tenure | Up to 15 years |
Eligibility Criteria
Who Typically Qualifies
- Confirmed admission to a recognised institution/course
- Co-applicant (parent/guardian) with stable income
- Co-applicant credit score of 650+ generally helps
- Collateral may be required for higher loan amounts, especially for study abroad
Documents Needed
Keep These Ready
- Admission letter and fee structure
- Co-applicant income proof and KYC
- Academic records of the student
- Collateral documents, if applicable
Next Step
See Your Education Loan Eligibility Score
Answer a few questions about your income and profile to get an instant, free eligibility estimate — no impact on your CIBIL score.
Check Eligibility NowFAQ
Education Loan FAQs
Usually a parent or legal guardian with a stable, documented income and reasonable credit history — their profile is central to the eligibility assessment since students rarely have independent income.
It depends on the loan amount and lender — many lenders require collateral above a certain threshold, especially for study-abroad loans, while smaller domestic-course loans may not.
Yes. Many lenders maintain approved institution lists or apply more favourable terms for recognised, accredited colleges and universities.
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