What are the loan requirements, such as showing property or guarantees, for education loans?

Loan requirements for education loans in India depend on the loan amount:

- Up to ₹4 lakh: No collateral or third-party guarantee required.
- ₹4 lakh to ₹7.5 lakh: No collateral needed, but a third-party guarantee is mandatory.
- Above ₹7.5 lakh: Tangible collateral (like property, fixed deposits, or government bonds) is typically required.

A co-applicant (usually a parent or close relative) is generally needed, and their income and credit history are considered.

For loans above ₹4 lakh, margin money is required - 5% for studies in India and 15% for studies abroad. Requirements and policies are subject to change.