Invest in your future
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Education loans usually come with a moratorium period, meaning you start repaying only after completing your course.
The interest paid on education loans is fully deductible under Section 80E of the Income Tax Act.
Covers expenses for higher studies in India and abroad, including tuition fees, travel, and improved career prospects.
Allows students to fund their own education without burdening their parents' retirement savings.
Paying off an education loan responsibly helps students build a strong credit history from a young age.
Banks offer flexible repayment tenures ranging from 5 to 15 years to suit your future income.
Education Loan EMI is the amount payable to the bank after the moratorium period ends. The moratorium includes the course duration plus 6-12 months, during which simple interest may accrue but full EMI payment is not mandatory.
Course + 1 Year
Is u/s 80E
Tuition, Hostel, Books
Common queries about Education Loans
Repayment usually starts after the moratorium period, which is typically the course duration plus 6 months or 1 year (whichever is earlier).