Criteria regarding eligibility of an applicant for getting a study abroad loan is specific to banks and other lending organizations. Broadly speaking, however, 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
4. Academic performance
5. You wish to pursue a professional, job-oriented course from a university abroad.
6. You have an admission offer from a university abroad (may not be required by certain organizations)

It depends on your financial position, preferred course, college and country. For example, an MBA in 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 6 months, a copy of the admission letter (not required in some cases), school and college marksheets/degree certificates, etc.

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

Again, that depends on the specific lending organization. One can repay study loans from 5 years up to 25 years. However, most students are able repay within 10 years after course completion.