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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 5 min read