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FAQs

Education loans are available for recognized vocational courses, doctorate, diploma, professional, undergraduate and postgraduate courses.

Yes, Tax Benefits on the interest payments of your education loan can be availed under Section 80C and 80E of the Income Tax Act, 1961.

While the terms for repayment depend on the lender, in most cases, the repayment tenure begins either at the end of your course or a few months after you get a job. A moratorium period is usually available after your course ends.

The amount of the education loan determines the requirement of a collateral. The threshold amount varies from bank to bank.

A co-applicant such as a parent, guardian, spouse, or a parent-in-law is mandatory to be added for an education loan for majority banks

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