Education Planning & Loans
Navigate the complexities of funding your education with our comprehensive guide. From understanding various education loan options to strategizing for a robust education corpus, we cover all aspects
28 articles- How to choose the right education loan scheme Choosing the right education loan scheme involves more than just finding the lowest interest rate. You must carefully assess your... 5 min read
- Education Loan EMIs Too High? How to Reduce Your Burden High education loan EMIs can be reduced by extending your loan tenure, refinancing to a lower interest rate, or making partial pre... 5 min read
- Education Loan vs. Student Visa Costs — What's Included? An education loan is a financial tool used to pay for your studies, and it can absolutely cover your student visa costs. They are... 5 min read
- Education Loan Processing Takes Too Long? How to Speed It Up Education loan processing takes a long time due to common issues like incomplete paperwork, problems with a co-applicant's credit... 5 min read
- Best Savings Plans for Your Child's Education The best savings plan for a child's education is often a strategic mix of investments. For a girl child in India, the Sukanya Samr... 5 min read
- How to Apply for Education Loans Step by Step Applying for an education loan involves several key stages. You must first research your course, calculate your total costs, and c... 5 min read
- How Many Years Do You Have to Repay an Education Loan? Indian education loans typically have repayment tenures of 5 to 15 years after the moratorium period. The exact length depends on... 5 min read
- Education Loan EMI vs. Scholarship Amount: Which is Better? A scholarship is better than an education loan because it is free money that you do not have to repay. While a loan creates debt w... 5 min read
- Best Universities for Study Abroad on a Budget The best universities for study abroad on a budget are often public institutions in countries like Germany or Norway, where tuitio... 5 min read
- What Happens If You Default on an Education Loan? If you default on an education loan, your credit score will be severely damaged, and the lender can start legal proceedings agains... 5 min read
- Best Countries for Studying Abroad on a Budget Germany is one of the best countries for studying abroad on a budget because its public universities charge no tuition fees for mo... 5 min read
- How Much Does Higher Education Actually Cost? The actual cost of higher education is the total Cost of Attendance, not just the tuition fee listed on a website. This includes l... 5 min read
- How to Start Investing for Your Child's Future Education To start investing for your child's future education, first estimate the total cost needed by accounting for inflation. Then, choo... 5 min read
- What Happens if You Don't Have an Education Fund? If you don't have an education fund, you will likely face significant financial stress, forcing you to rely heavily on high-intere... 5 min read
- How to Apply for Government Scholarships Step by Step Apply for government scholarships in India by checking eligibility, registering on the National Scholarship Portal, uploading requ... 5 min read
- How to Handle Unexpected Education Expenses When faced with unexpected education expenses, first contact your institution's financial aid office to explore all options. For t... 5 min read
- Is Education Loan Interest Tax Deductible? Yes, the interest paid on an education loan is tax-deductible under Section 80E of the Income Tax Act in India. This deduction app... 5 min read
- 7 Things to Check Before Choosing an Education Loan Provider Choosing the right education loan provider involves checking key factors like interest rates, repayment terms, and collateral need... 5 min read
- 5 Checks Before Accepting an Education Loan Offer Before accepting an education loan, check your exact interest rate in writing, what expenses are covered, how interest accrues dur... 5 min read
- What is CIBIL Score Requirement for Education Loan? Most lenders look for a CIBIL score of 700 or above for an education loan. However, a lower score does not guarantee rejection, as... 5 min read
- Best Education Loans for Indian Students in USA The best education loan for Indian students in the USA is HDFC Credila, which offers a fast, digital-first process ideal for those... 5 min read
- How much initial payment for an education loan? The initial payment (margin money) for an education loan in India is zero for loans up to 7.5 lakh rupees, 5 percent for higher am... 5 min read
- Education Loan for Undergrad vs Postgrad An education loan for postgraduate studies is often easier to get and may have better terms, such as higher loan limits and lower... 5 min read
- Top Education Loans for Arts & Humanities Courses The best education loan for arts and humanities courses is the Bank of Baroda Scholar Loan, thanks to its competitive interest rat... 5 min read
- Is Education Loan Tax Benefit Available for Vocational Courses? Yes, the education loan tax benefit under Section 80E is available for vocational courses. The key condition is that the course mu... 5 min read
- Education Loan vs Personal Loan: Which is Better for Studies? An education loan is usually better for full degree programs because of lower rates, a moratorium during studies, longer tenure, a... 6 min read
- How to Create a Realistic Education Budget for Your Family Creating a realistic education budget involves estimating future costs, including inflation, and assessing your current finances.... 5 min read
- Study Abroad Loan vs Indian Bank Loan A study abroad loan from a specialized lender is often better for students needing fast approval without collateral. However, an I... 5 min read