How does the student loan process work and what are the requirements like CIBIL score and collateral?

You’ll need an admission letter and supporting documents to apply for a student loan to study abroad. The co-applicant’s (usually a parent or guardian) CIBIL score is important - a score of 700 or above is typically preferred for unsecured loans. If you apply for a loan above ₹7.5 lakh, most lenders will require collateral such as property or fixed deposits.

Repayment usually starts after your course plus a grace period. Requirements and policies are subject to change.