Education Loan Overview
Education loans help finance higher studies in India or abroad. They cover tuition fees, accommodation, books, and other expenses. Most banks offer moratorium during the course.
Features of Education Loans
| Feature | Details |
|---|---|
| Loan Amount | Up to 15,000,000 for abroad, 75L for India |
| Interest Rate | 7.5% - 14% p.a. |
| Tenure | Up to 15 years after moratorium |
| Collateral | Required above 750,000 |
Eligible Courses
- Graduate/Post-graduate degrees (professional & technical)
- MBA, MS, M.Tech from recognized institutions
- Medical, Engineering, Law degrees
- Diploma courses after 10+2
- Pilot training, shipping courses