Students Information Park

 Banks and other financial institutions give students money in the form of student loans to help them pay for college (in India or abroad). They usually cover: Tuition fees Hostel/mess fees Books and supplies Travel costs (for studying abroad) Exam and library fees Important Things About Student Loans Feature Description Loan Amount ₹50,000 to ₹1.5 crore (depends on course and location) Interest Rates Usually between 8% – 13% per annum Repayment Period 5 to 15 years (after moratorium) Moratorium Period Course duration + 6 months to 1 year Collateral Required if loan > ₹7.5 lakh (depends on lender) Tax Benefit Interest paid is eligible for deduction under Section 80E of the Income Tax Act   Requirements for Eligibility: Indian citizen Accepted into a school that is well-known (in India or...