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Education Loan Eligibility

Eligibility for Education Loan in India

The general eligibility condition for education loan is as follows:

1. A secured admission in the following:

  • Graduation, post-graduation, technical and professional courses conducted by colleges approved by UGC/  AICTE/ IMC/ Govt.
  • Courses conducted by autonomous institutions like IIT’s, IIM’s etc
  • Teacher training/ Nursing courses approved by Central/State Government
  • Regular Degree/Diploma Courses like Aeronautical, Pilot training, Shipping etc. approved by Director General of Civil Aviation/Shipping

2. Other requisite eligibility requirements are as follows:

  • Indian Resident
  • If NRI (Non- Resident of India), must hold an Indian Passport
  • Collateral/ Security (enforceable in India)
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