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...

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...