If I do not want my husband to be the co-applicant for my study abroad loan, what is the procedure?

Yes, you can choose a different co-applicant for your study abroad loan if you prefer not to have your husband in this role.

Common alternatives include your parents, legal guardians, siblings, or parents-in-law, as long as they meet the lender’s criteria:
- Relationship: Must be a close family member (parent, legal guardian, sibling, or parent-in-law).
- Indian citizenship: Required.
- Income stability: Typically, at least two years in the current job (for salaried) or three years of audited financials (for self-employed).
- Good credit score: Most banks prefer a CIBIL score above 700.

To change your co-applicant, notify your lender and submit the new co-applicant’s documents (ID, address, income proof, and credit report). The lender will reassess your application based on the new co-applicant’s financial profile.