Numerous banks provide loans for various courses in India and overseas. Select a bank that will provide you the most favourable loan conditions, interest rate, and moratorium duration.
Choose the perfect bank
Some people prefer to take out a loan for a longer period of time since the EMI would be lower. However, in this case, the loan cost and interest paid would be significantly greater.
Total cost over EMI
When you have a debt in your name or the name of your parents, budgeting will be essential. Once you begin earning money, you must plan how you will repay the loan.
Have a plan for repayment
Section 80E of the Income Tax Act allows you to get tax benefits on the interest you pay on education loans.
Tax Benefits
Many of the rules outlined in the terms and conditions section may not be communicated to you at the time of loan disbursement, but you must review them completely before proceeding with the loan.