What are the loan eligibility criteria and maximum loan amount I can get for studying abroad based on my or my family's income?

Yes, you can apply for an education loan to study abroad. Eligibility and maximum loan amount depend mainly on your co-applicant’s (usually a parent or guardian) income and credit profile.

Key criteria:
- Indian citizenship is required.
- Proof of admission to a recognized foreign university.
- Co-applicant with stable income is mandatory.
- Good credit history (CIBIL score, typically 700+) for the co-applicant.

Loan amounts:
- Without collateral: Most banks offer up to ₹20-25 lakh.
- With collateral: Higher amounts possible, subject to the value of the security and lender policy.

Banks assess your family’s income to determine how much you can borrow and your repayment capacity. Requirements and limits vary by lender and are subject to change.