A barebones explanation for an education loan is thus, funds offered by financial institutions to meritorious and deserving students so that the latter can pursue their basic or higher education in India or abroad. Almost all banks & some NBFCs in India offer education loans, and the demand for it has remained stable with the Indian student community.
One of the benefits of education loan is the deductible interest rates on your education loan from your taxable income till 8 years as per the Section 80E of the Income Tax Act, 1961....more
Easy online loan approval process
Online application platform like Afinoz provides faster loan approval application process with zero processing fees....more
Marginal Interest Rates
Low and fixed interest rates are offered by nationalized banks which do not fluctuate during the repayment timeline of the loan.
Flexible repayment options
There is no need to start the repayment of the loan immediately after completing your studies. ...more
Most of the banks offer you with an option to take insurance on your education loan wherein ...more