Benefits: Door Step service, Preferential interest rate for girl child, Repayment of 15 years post completion of course, disbursement prior to visa.

Any eligible student pursuing higher education, both domestic and international, can apply for an education loan. Requirements vary by lender, but generally, applicants should have a good academic record, a co-signer (if necessary), and the ability to meet repayment obligations.

Commonly required documents for an education loan include:
1.Proof of identity and residence
2. Admission letter from the educational institution
3. Academic records
4. Cost estimate of the course
5. Income proof of co-signer/guarantor (if applicable)
6. Collateral documents (if required)
7. Passport-sized photographs 8. Application form duly filled and signed.

Collateral requirements for student loans vary by lender. While some loans might require collateral, a few education loans don't mandate collateral. It is important to research lenders' terms and explore options that suit your financial situation and preferences.

Individuals taking education loans for themselves, spouse, children, or for a student for whom they are a legal guardian can avail tax exemption under Section 80E of the Income Tax Act in India. The loan must be from a recognized financial institution for higher education purposes.