Education loan

An education loan can help you come up trumps, especially when you’re down on money and finding it hard to take your aspirations to the next level. Just approach a lender, fill in the application and get the funds you need to get moving towards your goals. However, most students only exploit one feature of a student loan – the financing. They forget that there are numerous other benefits you can use to your advantage. This article will highlight some of these benefits and ensure you make full use of your loan. 1. Tax benefits. Many aren’t aware that an education loan can provide you handsome & extremely helpful tax benefits. How? Well, the interest you pay towards a student loan gives you an easy way to avail equal deductions on your annual taxable income.   This is made possible by sections 24 the Indian Income Tax Act respectively. Unlike similar providing made for home loans that caps the amount that can be claimed at Rs. 2 lakh, there is no limit on amount you can cla

The cost of a decent education here in India is slowly inching out of grasp for many. Inflation, the ever-increasing number of students and dearth of good options are some of the reasons for the rising cost of education. It’s a sad situation since so many very deserving students have to give up on promising futures just because they don’t have the financial means to make things happen. However, there is a way out of this situation and it is an education loan. With one, you can study in India without worrying about the cost and also enjoy the benefits mentioned below. 1. Full financing. Education loans help you study in India without worrying about even worrying about a single cost. This is because most of these loans provide 100% financing. This means you do not have to provide any sort of down payment. Moreover, these loans cover every aspect & cost of your education. If you need to pay for entrance exams, the loan will provide. If you need to buy a laptop and don’t have

If reports and stats are to be believed, it shows that girls attend primary school in roughly equal numbers as boys, but this gap widens as they get older. Many women are forced to drop out and the primary reason behind this is lack of insufficient fund.   But, we all know that in this cut-throat competitive world, pursuing higher education is considered to be one of the best ways to get ahead in your life. We all know and understand that the cost of education is going up and people fail to keep pace with this inflation despite years of savings and investment. It is becoming extremely difficult for parents to fund their children’s dreams.   There comes an education loans for women. It comes handy not just in catering your admission or tuition fees but also help in meeting other expenses as well likewise your accommodation, travel, books and examination fees, etc. Now, this has led to an exponential increase in the number of women’s seeking education loans for higher studies. On v

Higher education loan is a big hit these days. It’s no surprise actually, what with the cost of education steadily rising every day. However, there are still a number of students who have big plans & equally promising futures that are hesitant when it comes to education loans. They are afraid of such loan products, and fearful of debt altogether. If you are one such individual, afraid to take the plunge into debt and achieve your dreams, the following article will give 5 reasons why education loans are amazing and the best option to cover your financial gaps & realize your dreams. 1. With one, you won’t have any financial worries. Most higher education loans cover every aspect of your study plans. This ensures you have zero financial woes while fulfilling your educational aspirations. Everything from your course fee to your travel expenses will be taken care of. Even other expenses such as the cost of entrance exams, the proof of funds for a visa, any study material tha