How to Improve Your Education Loan Eligibility

Your loan eligibility depends on more than just grades. Here's how to present the strongest possible application.

Choose a strong co-applicant

A co-applicant with stable, documented income and a healthy credit score significantly boosts eligibility. Salaried co-applicants with clean repayment histories are viewed most favourably.

Target recognised institutions

Admission to a reputed, lender-approved institution unlocks higher unsecured limits and lower rates. Lenders maintain prime lists of universities that qualify for the best terms.

• Maintain a good academic record and test scores
• Keep the co-applicant's credit score above 700
• Offer collateral to access larger amounts and lower rates
• Apply early with complete documentation