Yes, depending on the amount of education loan that is availed, the lender may levy a processing fee.
The different factors that are considered when lenders provide an education loan are the student's academic background, the co-borrowers job profile, the type of collateral that is being provided, and the university where the individual has secured admission.
All institutions typically ask for documents like proof of address, proof of age, and proof of income. However, every institution may also request a few documents in accordance with the student loan eligibility criterion.
Yes, you can apply for an education loan if your application is rejected the first time.
Your co-applicant can be your parents, siblings, parent-in-law, or spouse.