Criteria regarding an applicant's eligibility for getting a study abroad loan are specific to banks and other lending organisations. Broadly speaking, you are eligible for a study abroad loan if:

1. You are a citizen of India
2. You are 18 years old or above
3. You have an above-average academic performance
4. You wish to pursue a professional, job-oriented course from a university abroad.
5. You have an admission offer from a university abroad (may not be required by certain organisations)

It depends on your financial position, preferred course, college, and country. For example, an MBA in the US from a tier 1 university can cost you up to 50 lakhs.

Most lenders require you to submit KYC documents of both applicant and co-applicant, bank statements of the past six months, a copy of the admission letter (not required in some cases), school and college mark sheets/degree certificates, etc.

Repayment of loans provided by most banks starts 1 year after course completion. This may be extensible depending upon the lender.

One can repay study loans from 5 years up to 25 years, depending on the specific lending organisation. Most students are able to repay within 10 years after course completion.