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Education loans also offer attractive tax benefits borrowers can avail of tax deductions on the interest component of their loan under Section 80E of the Income Tax Act. ....
Updated Feb 13, 2021 | 06:26 IST Should you consider taking an education loan from NBFCs and fintech companies other than government banks or not? Govt banks or NBFs? Key things to remember before you take education loan | Photo Credit: YouTube Owing to the ever-increasing cost of higher education, Indian households end up spending as much as 13% of their annual income on higher education needs of their child, according to fintech company GrayQuest. This tends to increase substantially in case there are more than child in a family. Increasingly, parents are turning towards education loans to give quality higher education to their wards. ....