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Eligibility Criteria for Education Loans in Asia

Wednesday, April 29th, 2020

Eligibility Criteria for Education Loans in Asia

The interest rates for such loans range from 8.45% to 15.2% pa. And come with flexible tenures up to 15 years if you are searching for an education loan. The total amount as you are able to borrow may be Rs. 1.5 crore or even more with respect to the banking institutions policies. Education loans can be utilized to gain taxation advantages under area 80 ( E).

Kinds of Education loans in Asia

An training loan was created to economically assist the applicant in affording the price of training. Since, the it caters to clients opting for greater studies, the loans could be categorized according to two parameters:

  • Precise location of the institute (Asia or abroad): there are many banking institutions within the national country that offer loans especially for students who aim research in India as well as for people who try to learn abroad. This difference into the loan happens to be made bearing in mind the various needs that are financial arises from learning in Asia or learning abroad. (more…)