Understand the real cost of your loan First, consider the interest rate and tenure of your loan. Education loans normally have interest rates that range from 8 to 12 percent, which could sum up to a huge amount after some time. If you can prepay early, this extra interest is sav

Knowing what an education loan actually covers An education loan is not restricted to just tuition fees. It also covers hostel charges, travel expenses, library fees, books, and even daily living costs when studying abroad. Most banks and financial institutions offer loans for h

Who can apply and basic eligibility In India, education loans are granted to students pursuing recognised courses after Class 12, either in India or abroad. The applicant must be an Indian citizen and needs to have secured admission into a recognised institution. A co-applicant,

Education loans make higher studies possible, but they can feel heavy once repayment starts. Most students only focus on getting the loan approved and miss the small tricks that can reduce their total cost. Whether you’ve just taken a student loan or are already repaying one, the

Taking an education loan can feel both exciting and intimidating. On one hand, it opens the door to pursuing higher studies in India or abroad without putting an immediate strain on your family’s finances. On the other, it comes with a long-term repayment commitment that needs ca