Education Loan Credit Policy & Eligibility Rules
Education loan eligibility, margin, security and repayment rules.
How lenders evaluate applications
Education loans fund course fees and related expenses. Lenders set margin (borrower contribution), security for higher amounts and repayment terms.
Eligibility depends on course, institution, and co-borrower income/collateral where applicable.
Eligibility at a glance
| Parameter | Typical Requirement |
|---|---|
| Margin (borrower share) | Varies; often 0% up to a limit, then 5–15% |
| Security | Required above certain loan amount (e.g. ₹7.5L+) |
| Maximum tenure | Course period + repayment up to 10–15 years |
| Co-borrower | Often required; income considered |
Policy rules
Typical education loan parameters.
Margin
Portion of expenses borne by borrower; rest financed.
Security
Collateral or guarantor for larger loans per policy.
Income / co-borrower
Repayment capacity via co-borrower income.
Example eligibility scenario
Sample borrower
Example inputs
- Course cost: ₹15L
- Loan required: ₹12L
- Margin: 20%
Result
Within typical margin norms
20% margin on ₹15L = ₹3L own contribution; ₹12L loan. Confirm with lender.
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