If I take an education loan, will it be in my name and what are the guarantor requirements?

Yes, the education loan will be in your name as the primary borrower. Most Indian banks also require a co-applicant - usually a parent, guardian, or close relative - whose income and credit history help determine your loan eligibility.

- Co-applicant: Mandatory in most cases; must provide income, identity, and address proof.
- Guarantor: Sometimes required, especially for higher loan amounts or if no collateral is provided. Acts as extra security for the lender.

Requirements vary by bank and loan amount. For details specific to your case, connect with your LeapScholar counsellor.