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What is the eligibility criteria for a student loan?

Curious about student loan

What is the eligibility criteria for a student loan?

The eligibility criteria for a student loan may vary from lender to lender, but here are some general requirements:

1. Age: Generally, the applicant must be between 1835 years of age.
2. Citizenship: The applicant must be a citizen of India.
3. Academic Record: The applicant must have a good academic record and be enrolled in a recognized institution.
4. Course of Study: The course of study must be approved by the lender.
5. Collateral: Some lenders may require collateral to secure the loan.
6. Cosigner: A cosigner may be required, especially for larger loan amounts.
7. Income: Some lenders may require proof of income to determine the borrower's ability to repay the loan.

It is important to check the specific eligibility criteria of the lender you are considering, as they may have additional requirements.

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