Is a co-applicant required for an education loan to study abroad?
13 Jul 2026 · Answered by Geetha Muthu · 1 min read
Yes, a co-applicant is generally required for an education loan to study abroad from India. Most banks and financial institutions mandate a co-applicant - usually a parent, guardian, or close relative - because students often lack sufficient income or credit history.
The co-applicant's financial stability and creditworthiness are key factors in loan approval, especially for unsecured loans. In some cases, if the loan amount is high, a separate guarantor may also be needed.
Requirements can vary by lender.
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