What age limit applies to me and my co-applicant for an MBBS education loan?
25 Oct 2026 · Answered by Arati Rai · 2 min read
As a typical guide, the applicant should be 18 to 35 years old and the co-applicant should be less than 65 years old. Lenders can vary, so use these limits as a starting point and confirm with your bank.
Eligibility Criteria for an MBBS Education Loan
| Criteria | Details |
|---|---|
| Nationality | Applicant must be an Indian citizen |
| Age limit | Applicant: 18 to 35 years. Co-applicant: less than 65 years |
| Admission | Confirmed admission in a recognized MBBS college in India or abroad |
| University recognition | University must be NMC-approved for study abroad |
| Academic performance | Minimum 60% in 10+2, and NEET qualification is required |
| Test scorecard | IELTS, TOEFL, Duolingo or PTE scorecard |
| Co-applicant | Parent, guardian or spouse with stable income |
| Collateral | Required for higher loan amounts; varies by lender, usually INR 7.5L and above |
| Credit score | Co-applicant should have a good credit score; 700 and above is recommended |
Documents to Keep Ready
- PAN card and Aadhaar card
- Income proof such as a salary slip or ITR
- Academic records
- Admission letter
My Advice
Check the age of both the student and the co-applicant before you shortlist lenders, since the co-applicant limit can rule out a parent or guardian. Ask each bank for its current eligibility sheet and compare them side by side.
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