An education loan helps students pursue higher education in India or abroad without financial stress.
What is an Education Loan?
Education loans cover tuition fees, accommodation, books, and other study-related expenses.
Key Features:
- Lower interest rates
- Repayment starts after course completion
- Long repayment tenure
Eligible Courses:
- Engineering, Medical, MBA
- Study abroad programs
- Professional and technical courses
Benefits:
- No immediate repayment pressure
- Tax benefit under Section 80E
- Builds financial independence
Important Points:
- Choose courses with strong career prospects
- Understand moratorium period
- Compare public and private banks
Education loans empower students to achieve career goals without compromising family finances.
