PSU banks have set eligibility criteria for education loans. Here are some of the important prerequisites. A loan applicant:

• Should be an Indian National
• Should be aged between 16-26 years of age or any other range specified by the bank.
• Should have a good academic track record.
• Should have parents or guardians with stable source of income.
• Should have applied to a recognized university in India or Abroad.
• Should not be a minor.