Education Loan Eligibility Criteria for Studying Abroad

The eligibility criteria for an education loan for studying abroad typically include factors such as nationality, age, academic qualifications, and the admission status at a recognized foreign institution. Most lenders require the applicant to be an Indian citizen, aged between 18 and 35 years. A confirmed offer of admission from a foreign university is generally necessary. The student must have a good academic record, and the course should be relevant to the student's career prospects. Additionally, the student may need a co-applicant (usually a parent or guardian) with a stable income and good credit history. Some lenders may also evaluate the student's potential to repay the loan after completing their studies.