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    Eligibility criteria for student loan

    Loans
    loan application loan application requirements
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    • R
      Rajesh Mehra last edited by

      Could you please tell me the eligibility criteria for acquiring a student loan?

      ChristineJoseph 1 Reply Last reply Reply Quote 0
      • ChristineJoseph
        ChristineJoseph @Rajesh Mehra last edited by

        @Rajesh-Mehra

        Hey Rajesh,
        The process of getting a loan can be tedious. The eligibility criteria for student loan in the case of domestic loans-

        • The student applying must be a resident of the country.
        • He/she must have confirmed admission to a recognized educational institute.
        • The age of the student must be between 18 to 35 years during loan application.
        • Students pursuing full-time courses need to have a co-applicant.

        Even though different banks may have their own set of requirements, some conditions remain the same for all courses. Here are a few things a student who is planning to study abroad requires for a loan-

        • He/she must have a student VISA at the time of loan application.
        • The student must also show that he/she is financially capable of repaying the loan.
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