A Guide to Understanding Education Loan Criteria

Credit Score Lenders often require a good credit score, affecting your eligibility and interest rates.

Income Proof Demonstrating sufficient income or having a co-signer with stable income is crucial for loan approval.

Enrollment Status You must be enrolled at least half-time in an eligible educational institution.

Age and Nationality You must meet the lender’s age requirements and be a citizen or permanent resident of the country.

Loan Purpose Funds should be used for education-related expenses, including tuition, books, and living costs.

Repayment Terms Understand the loan's repayment schedule, interest rates, and any associated fees before applying.