Loan
Education Loan
Also known as: Student Loan, Study Loan
Specialized loan for funding education expenses with tax benefits and flexible repayment options.
Detailed Explanation
Education Loans are designed specifically for funding higher education expenses including tuition fees, accommodation, and related costs. They offer tax benefits under Section 80E, moratorium period during study tenure, and competitive interest rates. Collateral requirements vary based on loan amount - typically unsecured up to ₹4 lakh, collateral required for higher amounts. Available for domestic and international education.