Study loan

[Ritu kapoor]

Please suggest for study loan

 

[financial12345]

+1

 

[Tax with Ria]

Please suggest for study loan

Lowest interest rate is in PNB starting from 4%, and later on when you've a job you can claim deduction of interest paid for 7 years.

 

[manthan_7520]

Please suggest for study loan

Education loans are financial aid options that allow students to borrow money to pay for their education. These loans are typically provided by banks, credit unions, or other financial institutions and can be used to cover the cost of tuition, fees, housing, and other education-related expenses.

Various education loans are available in India for students who need financial assistance to pay for their higher education. Education loans can be taken from banks, financial institutions, and other lending agencies to cover the cost of tuition fees, accommodation, travel, and other expenses related to pursuing a course of study.

To apply for an education loan in India, you must meet specific eligibility criteria, such as being an Indian national, having an excellent academic record, and demonstrating financial need. In addition, depending on the lender and the loan amount, you may also be required to provide collateral or a co-signer.

Best Education Loan in India 2024
S.No.

Best Education Loan in India

1.

Punjab National Bank Education Loan

2.

SBI Education Loan

3.

Axis Bank Education Loan

4.

Bank of Baroda Education Loan

5.

HDFC Bank Education Loan

 

[Akshat_Corporate Banker]

Lowest interest rate is in PNB starting from 4%, and later on when you've a job you can claim deduction of interest paid for 7 years.

Hi Ria small correction as per sec 80D int on edu loan can be claimed for 5years only.

 

[Tax with Ria]

Hi Ria small correction as per sec 80D int on edu loan can be claimed for 5years only.

Well, correction demands you, education loan interest deduction can be availed under 80E and not under 80D( which is for claiming medical insurance expenses). Second correction is that 80E isn't amended yet, the maximum ceiling of 8 years to claim interest of education loan is still applicable.

 

[jameshutt78]

When considering higher education in Canada, one of the most pressing concerns for international students is financing their studies. With Canada study fees on the rise and living expenses to account for, many students turn to loans as a viable option to fund their education. In this comprehensive guide, we'll explore the various loan options for Canada available to international students in the academic years of 2023-24.