Education loan basics before you borrow

A loan can make studies possible, but borrow with a clear understanding.

• The Vidya Lakshmi portal lets you apply to several banks through one form.
• Compare interest rates, the moratorium period and the repayment terms.
• Keep the loan amount aligned with the income you expect after the course.
• The interest on an education loan may be eligible for a tax deduction under the rules, so check with a tax professional.

This is general information and not financial advice.