Search results for “education loan”
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Private Student Finance or NSFAS? Who Each One Actually Suits
NSFAS is state funding for South African students at public universities and TVET colleges, means-tested on household income, and for…
The Co-applicant on an Indian Education Loan: Role, Liability and Income Proof
A co-applicant on an education loan is a joint borrower who is fully liable for the whole debt from the day it is disbursed, not a…
An Education Loan for Studying Abroad: What Borrowers Usually Do Not Realise
A loan for an overseas course is sanctioned in rupees but spent in a foreign currency, released in tranches against invoices rather than in…
NBFC or Bank Education Loan in India: What Actually Differs?
An NBFC education loan is usually quicker to sanction, more willing to fund the full cost of an expensive overseas course and more flexible…
Section 80E: How Tax Relief on Education Loan Interest Really Works
Section 80E lets you deduct the whole of the interest paid on a qualifying education loan, with no upper limit, but only the interest and…
Education Loan Collateral and Margin Money: What the Bank Expects You to Bring
Margin money is the share of the course cost the bank will not fund, so you contribute it yourself, usually in proportion to each…
Education Loan Moratorium Interest: What It Adds, and What Capitalisation Costs
Interest on an Indian education loan starts on the first disbursement, not on graduation day, and a moratorium postpones the instalment…
The PM-Vidyalaxmi Credit Guarantee: What the 75 Per Cent Covers, and What It Does Not
The credit guarantee on a PM-Vidyalaxmi loan covers 75% of the amount in default on loans up to Rs 7.5 lakh, and it pays the bank, not you…
The PM-Vidyalaxmi Moratorium and Interest Subvention: What Builds Up While You Study
A moratorium pauses your instalments, not your interest: interest keeps accruing through the course and the extra year after it, and…
PM-Vidyalaxmi Eligibility: Who Qualifies, and Which QHEI Institutions Count
PM-Vidyalaxmi eligibility is decided by your institution first and your income second: you need merit-based admission to a Quality Higher…