Investing for ones further education or your kids education is one of the best investments. In this competitive world one has to be updated with essential/necessary knowledge to be at the top. Banks, now offer attractive interest rates for further education be it in India or abroad.
Education Loan aims to provide financial support for pursuing higher professional or technical education in India and abroad.
Education loan is not only beneficial to pursue higher studies but one can also avail tax benefit under 80E of Income tax act. Only an individual is eligible for tax deduction not a Hindu Undivided Family.
Here are few comparison of interest rates from some banks.