When it comes to all the building blocks that form a complete and successful life, nothing is as important as quality education. However, education in India, at least the commonly perceived "quality education" as imparted by acclaimed and influential educational institutions, is decidedly costly and not easily available to everyone- especially those who deserve it based on merit alone. Thus, education loans are vitally important. A barebones explanation for an education loan is thus, "funds offered by financial institutions to meritorious and/or deserving students so that the latter can pursue their basic/higher education, in India or abroad". Almost all banks in India offer education loans, and the demand for it has remained stable with the Indian student community.
Details of Education Loan
|Education Loan Interest Rate.(Monthly Reducing Balance)|
|Education Loan Tenure|
|Educationa Loan Amount|
|Lender.||Loan Amount/ Interest Rate.||Max. Loan Amount||Repayment Tenure|