An education loan against papers and documents is expected as the name suggests by providing some kind of security, and collateral against the loan. The eligibility criteria usually cover an Indian citizen, valid admission to a foreign university, and prior education with good grades. There is a supervision of the finances of a co-applicant, mainly the parent which is also part of the evaluation. Other banks require that the securities be valued more than the amount borrowed to minimize risk and protect the institution while giving education loans to students.