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Understanding Education Loans

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As the Reserve Bank of India (RBI) has included education loan as part of the priority sector lending of banks, the public sector banks are at the forefront of such loans. – PowerPoint PPT presentation

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Title: Understanding Education Loans


1
Education loan
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(No Transcript)
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Understanding Education Loans
  • Education is expensive and Higher education is
    all the more expensive especially foreign
    education.
  • Hence the need for education loan, which is a
     financial aid given to meritorious but needy
    students for meeting the expenses of their higher
    education in India or abroad.
  • In this article we shall explain education loan,
    what it is, process of getting education loan,
    repayment, tax benefits under section 80E.

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How expensive is higher education?
  • Education has become very expensive and Higher
    education is all the more expensive.
  • Our article Rising Education costs ! covers
    survey which shows school education for a child
    in 2011 costed Rs. 94,000 annually for single
    child. 
  • Example of fees of higher education is given
    below .

5
What is education loan?
  • The course should necessarily be full time.
  • It can be graduate or post-graduate course in
    technology, engineering, architecture, medicine,
    management and applied or pure sciences,
    including mathematics and statistics etc.
  • It can be pursued in India or abroad.
  • One gets tax deduction for education loan taken.

6
Who gives out education loans?
  • Most of the financial institutions and banks give
    out educational loans.
  • As the Reserve Bank of India (RBI) has included
    education loan as part of the priority sector
    lending of banks, the public sector banks are at
    the forefront of such loans.
  • Source(http//www.bemoneyaware.com/blog/education
    -loans/)

7
https//www.facebook.com/AvanseEducationLoan
https//www.linkedin.com/company/avanse-financial-
services
https//twitter.com/avanseeduloan
https//plus.google.com/AvanseFinancialServicesLt
dMumbai
https//www.youtube.com/channel/UCcsuUx1EH1C08XmX2
embpug
8
Read more on Education Loan
http//www.avanse.com/avanse-education-loans/
Thank You..!!!
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