Which are the common education loan rules in India?

<p>Here are basic and most popular rules which every student should know, if they are planning to borrow loan.</p><ul><li data-pm-slice="0 []"><strong>Age:</strong> Typically between 18–35 years. (Depends on Bank rules)</li><li><strong>Courses/University:</strong> Students can get loans only for professional and job-oriented courses at a recognised university in India or abroad.</li><li><strong>Co-Applicant</strong>: A co-applicant is mandatory to borrow an education loan.</li><li><strong>Collateral Required:</strong> If you are borrowing INR 4 Lakhs, no collateral/security is required. Above this amount, you need to submit collateral (immovable property, fixed deposits, etc.).</li></ul>

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