Deciding to opt for an education loan is often the easy first step in your education financing journey. Now you have to think about the amount of money you’d require and how you can repay the amount within the loan tenure. An education loan eligibility calculator helps you understand your finances slightly better. The eligibility calculator works as a loan eligibility checker. It provides an approximation of the loan amount you are eligible to borrow based on your current finances. You need to provide details about your monthly income, monthly obligations, the interest rate and estimated tenure of your loan. If you do not have a monthly income, you need to provide your co-borrower’s details instead. Based on the information provided, the eligibility calculator will provide an estimate of your education loan eligibility amount.