Eligibility

Check your education loan eligibility

Understand the criteria lenders assess and get an instant, indicative estimate of how much you could borrow.

Eligibility calculator

Estimate your eligible loan amount

A transparent, client-side estimate based on income and obligations. Not a loan sanction.

Co-applicant net monthly income

₹80,000

Existing monthly obligations (EMIs)

₹10,000

Collateral value (optional)

No collateral

Expected interest rate (p.a.)

10.5%

Tenure

10 years

Estimated eligible loan amount

₹22,23,293

≈ ₹22.23 L

Affordable EMI: ₹30,000
EMI at max amount: ₹30,000

This is an indicative estimate based on a 50% EMI-to-income ratio and is not a loan sanction or offer. Actual eligibility is decided by the lender.

Criteria

What lenders look for

Applicant

Indian citizen, typically 18+, with admission to a recognised course.

Co-applicant

A parent or guardian with stable, documented income and a healthy credit score.

Course & institution

An approved course at a recognised Indian or overseas institution.

Academic record

A consistent academic profile and, where relevant, valid test scores.

FAQs

Eligibility FAQs

Do I need a co-applicant for an education loan?

Almost always, yes. A co-applicant (usually a parent) shares repayment responsibility and significantly strengthens your application. A few NBFCs offer no-co-signer loans for study abroad.

Does a low CIBIL score affect eligibility?

Yes. The co-applicant's credit score matters. A score above 700 improves your chances and can secure better rates. A weak score may require collateral or a different co-applicant.

Can I get a loan for a diploma or online course?

Many lenders focus on full-time degree programs. Some finance recognised diplomas and select online courses — eligibility varies by lender and course.

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