Features & Benefits of Education Loan
Education loan has many features along with several benefits. These are given below –
- An amount up to Rs. 1 crore is available for education loan.
- It has very few simple terms and conditions.
- Repayment tenure is up to 15 years.
- You can get an education loan to study at both national and international institutes.
- Lenders provide doorstep verification.
- Some banks offer lower interest rates, especially for female students.
- You have to repay only after the completion of your education.
Types of Education Loan
Education loans are very important in the perspective of students’ studies, especially for the students who are willing to study higher education. Education loan is often called student loans. There are various types of education loans available in India. In this article, we will learn about education loans along with the various types of education loans and their brief discussion.
Table of Content
- What is an Education Loan?
- Types of Education Loan
- 1. Education Loans Based on Location
- 2. Education Loans Based on the Course of Education
- 3. Education Loans Based on the Security of Collaterals and/or Guarantee
- 4. Loans for Parents
- Features & Benefits of Education Loan
- List of Expenses Covered in Education Loan
- Best Education Loan in 2024
- Conclusion
- FAQs – Types of Education Loan