Education Loan 

An education loan is a financial support system that helps students pursue higher studies in India or abroad. It covers expenses such as tuition fees, books, accommodation, travel, and other academic costs. Banks and financial institutions offer these loans based on the student’s admission, course, and institution profile. Many education loans have a moratorium period, allowing students to start repayment after completing their studies. Parents or guardians often act as co-borrowers to support the loan process. Interest rates may vary depending on the loan amount, course, and repayment capacity. Such loans make quality education accessible to students from all financial backgrounds. Government schemes and subsidies further reduce the burden of repayment for eligible students. Timely repayment builds the student’s credit history for future borrowings. Overall, an education loan empowers students to achieve their career goals without financial barriers.