Eligibility for Education Loans

The eligibility criteria for getting education loans are listed as follows:

• Anyone over the age of 18 years can apply for an education loan from Select Digi Loans.
• The applicant must be a citizen of India.
• The applicant must have secured confirmed admission from the educational institute to get the final loan disbursement.
• The student must have an earning co-borrower co-sign the loan.
• The earning co-borrower must be a parent, legal guardian, relative, or sibling of the student.
• The co-borrower must have a bank account in India with cheque writing facilities.
• Select Digi Loans will consider the co-borrower as the primary debtor of the loan.
• Students looking for bigger loan amount should have good credit score.
• Should provide collateral for bigger loan amount as security for lower interest rates.