What is the criteria for a co-applicant for an education loan?
A co-applicant is usually required for an education loan to strengthen your application. Most lenders expect the co-applicant to meet these criteria:
- Indian citizen
- Age 21-70 years (at loan origination/maturity; subject to change)
- Stable income from job, business, pension, or rentals
- Good credit score (typically 650+)
- Required documents: ID/address proof, income proof, and bank statements
Exact requirements can vary by lender and are subject to change. For guidance specific to your situation, connect with your LeapScholar counsellor.
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