Education Loan [EMI, Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]



Select Bank For Education Loan For Students[एजुकेशन लोन आवेदन के लिए बैंक का चयन करे]

Education Loan [EMI Calculator, Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]

What Is Education Loan ?

Education loan schemes are offered to students who want to complete their education in financial shortage. It is a type of unsecured loan provided by banks and NBFCs to cover all expenses related to educational purposes. These loans can be used to pay tuition fees, buy books and materials, pay examination fees, and bear students' living costs when studying in a different location.

Education loan schemes can be classified into two main categories based on location: domestic education loans and study abroad loans. Both of them can be provided in secured or unsecured methods. These loans are usually offered for various courses like higher education, diploma studies, and professional courses.

  • Financial support
  • Tax benefits
  • Lower interests
  • Extended moratorium period
  • No need for collateral
  • Provision for vast educational needs