Can I take a loan on my parents' behalf or on my own behalf?
02 Jul 2026 · Answered by Premlata Shandilya · 1 min read
Yes, you can apply for an education loan either in your own name or with your parents as co-applicants.
In India, most lenders require a co-applicant - usually a parent or guardian - especially if you are not currently employed. Having a co-applicant with a stable income can improve your chances of approval and may help you secure better loan terms.
Loan eligibility, required documents, and collateral needs vary by lender and are subject to change. If you need help with your loan application or want to discuss options, please connect with your LeapScholar counsellor.
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