The interest rates for such loans range from 8.45% to 15.2% pa. And come with flexible tenures up to 15 years if you are searching for an education loan. The quantity that you could borrow is Rs. 1.5 crore or even more with regards to the banking institutions policies. Education loans can additionally be utilized to gain income tax advantages under area 80 ( Ag E).
Forms of Education loans in Asia
An training loan is made to economically help the applicant in affording the price of training. The loans can be classified based on two parameters since, the it caters to customers going for higher studies
- Located area of the institute (Asia or abroad): there are many banking institutions into the national country that provide loans especially for students whom aim research in Asia as well as for those that seek to learn abroad. This distinction within the loan was made bearing in mind the various economic requirements that arises from learning in Asia or learning abroad. (more…)