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Eligibility Criteria
Understand the key requirements to qualify for education loans with GK Education Loans
Age Requirements
Applicant must meet minimum age criteria
- Minimum age: 18 years at the time of application
- Maximum age: 35 years for most loan types
- Co-applicant age: 21–60 years
- Age proof required through valid government ID
Academic Qualifications
Educational background requirements
- Admission to recognized educational institution
- Minimum qualifying marks in previous education
- Valid entrance exam scores (if applicable)
- Course must be career-oriented or job-focused
Income Criteria
Financial stability requirements
- Minimum annual family income: ₹3,00,000
- Stable income source for last 2 years
- Co-applicant income considered
- Income proof through ITR or salary slips
Credit Score
Credit history requirements
- Minimum credit score: 650 (Good: 700+)
- No major defaults in last 3 years
- Clean credit history preferred
- First-time borrowers allowed with co-applicant
Citizenship
Nationality requirements
- Indian citizen or NRI status
- Valid passport or Aadhaar card
- Permanent address in India
- NRIs may need additional documentation
Course Eligibility
Approved courses and institutions
- Recognized university or institution
- Full-time regular courses preferred
- Professional and technical courses eligible
- Distance learning may have restrictions
Documents Checklist
Keep these documents ready for faster loan processing
Student Documents
- •PAN, Aadhaar, Passport
- •10th, 12th, Degree mark sheets with certificates
- •University Admission Letter and I-20
- •GRE, TOEFL, IELTS scores
- •Email ID, Contact Number
Co-Applicant (Salaried)
- •Aadhaar, PAN
- •Latest 6 months bank statements
- •Latest 3 months payslips
- •Latest year Form 16
- •Email ID, Contact Number
Self-Employed
- •Latest 2 years ITR (Income Statement, P&L, Balance Sheet)
- •GST or Business Proof
- •Latest 6 months current & saving account bank statements
Co-Applicant (Agriculture)
- •Saving account bank statement
Guarantor Documents
- •PAN, Aadhaar
- •Email ID, Contact Number
References
Two references (friends or family) with Name, Contact Number, and Address
Note: Own house proof is mandatory