Education Loan

An education loan is a specialized financial product designed to help students pursue academic programs without financial constraints. It covers expenses such as tuition fees, books, accommodation, travel (for abroad studies), and other education-related costs. The loan is typically granted to the student, with a parent or guardian acting as a co-borrower or guarantor.

Repayment usually begins after the course is completed, with some lenders offering a grace period. Education loans are available for both undergraduate and postgraduate programs, and eligibility often depends on academic performance, admission status, and the credibility of the educational institution. They offer flexible repayment options and competitive interest rates, making quality education more accessible.