Do I need a co-applicant with a good CIBIL score for an education loan?
06 Aug 2026 · Answered by Mohit Tanna · 1 min read
Yes, most education loans in India require a co-applicant with a good CIBIL score, as students usually lack their own credit history.
- Public sector banks: Typically need a co-applicant CIBIL score of 650+ for loans up to ₹4 lakh, 700+ for ₹4 - 7.5 lakh, and 725+ for higher amounts (subject to change).
- Private banks: Usually prefer a score of 700+; some may accept 650+, but this could mean higher interest rates.
- Low CIBIL score: Can lead to loan rejection. Offering collateral or involving another eligible family member with a better credit profile may help.
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