most freshman or undergraduates to pursue studies and get into their dream colleges that’s when education loans play the major roleRead More
- Education loan helps to fund up to 90% of the cost of the course along with accommodation expensesbooks and travel expenses, exam and lab fees, and other miscellaneous expenses.
It helps the students to claim the entire interest paid on education loan as a deduction under Section 80E of the IT Act for up to 8 years.
Timely repayment of education loans can help you create an excellent credit history with a positive credit score.
Opting for an education loan can help students to shrug off the monetary burden from their parent’s shoulders and thus protect their savings for future financial goals.