Education Loan Eligibility Criteria for Studying Abroad

Education loan eligibility for studying abroad typically depends on several key factors. Applicants must be Indian nationals, aged between 18 and 35 years, and have secured admission to a recognized foreign university or institution. The loan amount generally varies based on the course and destination country, with banks covering up to 100% of the expenses for tuition, living costs, and other related fees. A good academic record and proof of income (either through the applicant's or their family's financial standing) are also important. Additionally, applicants may need to provide collateral for loans above a certain threshold. Credit history and the course’s potential for employability are considered during the approval process.