We all dream of studying at the best institutions and making the most out of the education system for a thriving career and future. But not all education is affordable and as most students do not earn an income, the burden on parents to provide a decent education for their children is ever increasing. However, banks and financial institutions offer education loans for students to complete their studies comfortably without applying much pressure on parents at the same time.
Furthermore, you will enjoy tax benefits on educational loans under section 80(E) of the Income Tax Act, 1961.
Find below some popular loans offered to students in India:
HDFC provides their loan services right at your doorstep. Find below the features of education loan offered by the bank:
You can apply for this loan for technical or professional education within India or overseas.
You can apply for this loan for the purpose of pursuing your higher education within the country or overseas.
Bank of Baroda offers a host of education loan options to customers starting from primary education to post-graduate education. Some of the education loans offered include the following:
This loan is available for parents to finance their children’s school education starting from Nursery and up to Senior Secondary School.
This loan is available for students wishing to pursue their graduation, post-graduation, professional courses or any other course within India.
This loan is available for students wishing to pursue their professional or technical studies overseas.
Never compromise on education. Secure your future by studying up to your full potential and strengthen your career prospects with an education loan.