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Education Loan from Banks vs NBFCs: What should I choose?

Education Loan from Banks vs NBFCs: What should I choose?

by Research Team | Sep 9, 2021 | EduLoan FAQ

What is the difference between a bank and an NBFC? Students and parents are often confused between the pros and cons of availing education loans from a Bank or an NBFC. In this blogpost we’ll try and break down the difference between both and then the pros and cons of...
How Education Loans can boost your CIBIL Score

How Education Loans can boost your CIBIL Score

by Research Team | Jun 18, 2021 | EduLoan FAQ, International Education Loan

For many first time student borrowers, they often stumble upon the term CIBIL score a lot and they are often confused about what exactly does this score entail. In this article we intend to clear the smoke around this often not so discussed topic. First of all, let us...
What are the tax benefits of availing an educational loan?

What are the tax benefits of availing an educational loan?

by Research Team | Mar 21, 2021 | EduLoan FAQ

Section 80E of Income Tax act (read the act here) enables the interest paid for educational loan to be deducted from your taxable income. Do note that the principal amount repaid in the financial year is not eligible for tax exemption. Generally banks from where you...

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