Education loans have made the pursuit of academic courses easier, without burdening parent or guardians with liabilities, that we should be bearing.
But, before going with the procedure one must be clear about the Eligibility Criteria for getting an education loan in India:
- The student should be an Indian National.
- Age of the Student – 18 to 35 years (you need to check with respective bank).
- Confirmed admission in a college/university in India by the UGC/Government/AICTE/Appropriate Authority.
- Scored minimum 60% (50% for SC/STs) in the examination for admission to graduation courses.