KNOW ALL ABOUT : Education Loan
Your children's education loan can derail your retirement planning. Make sure you are not burdened with EMIs you can't afford. Read ET articles to know more about education loan.
Guide for parents taking education loan for kids
You should keep a separate education corpus and start early so that the power of compounding can work. But if you fall short, an edu...
Do's and dont's while taking education loan
Joining a course just because the institute has tied up with some financial institutions and a loan is easily available is a mistake. By ...
Should you prepay your education loan before the repayment period of 8 years?
The deduction is allowed for eight years or until the interest is paid in full, whichever is earlier. Further, there is no upper limit on claiming this interest deduction.
How to get education loan without any collateral
Before applying for a collateral-free education loan, you must know that the student is the main borrower of the loan and parent, spouse or sibling can be the co-applicant.
How to start an emergency fund while paying your education loan
To create surplus savings, you must avoid taking on any bad debt and clear your existing bad debt.
Why getting education loan has become tougher now
Under the revised accreditation framework of NAAC, India has 59 accredited universities and 997 colleges.
Education loans in India shrink 25% in 4 yrs
The number of students able to secure loans fell to 2.5 lakh as of March 31, 2019 from 3.34 lakh students as of March 31, 2019 from 3.34 lakh students as of March 31, 2015.
How to fund child's studies? Education loan better than mortgaging house, using savings
Instead of jeopardising future goals, taking an education loan is a better option.
Education loan: The government's Vidyalakshmi website will help you get one
This website lets you fill a common education loan application form that you can use to apply to many banks simultaneously through it.
Tax Optimiser: How Wahi can cut tax by Rs 94,000 via education loan, NPS
Wahi can reduce her tax by over Rs 94,000 if her organisation offers her the NPS benefit and few allowances are replaced with tax-free perks.
Bank vs NBFC: Keep these factors in mind while taking an education loan
According to Crif High Mark, an RBI-approved credit bureau, 90 percent of education loans taken are from public-sector banks by value and volume.
Budgetary allocation for interest-free education loans to be hiked: Prakash Javdekar
Talking of the government's plan to further hike the budgetary allocation for the interest-free loans to students, he said over four to five lakh youths used to get interest-free loans amounting to Rs 800 crore in 2014.
How education loan can help your child study abroad and save tax
Interest paid on an education loan can be claimed as a deduction under Section 80E with no upper limit. This helps reduce the effective cost of loan for you.
5 smart things to know about tax breaks on education loan
Deduction on education loan can be taken if the loan is taken from bank or qualified institution for higher education of self, spouse or children.
A student’s guide to taking and repaying an education loan
When deciding on the institute and course you want to pursue, don’t be lured by the easy availability of education loans.
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