What is an education loan?
An education loan helps students pay for higher studies in India or abroad. It can cover tuition fees, hostel charges, books, equipment and travel, so that money is never the reason a student misses out.
Key features
- Studies in India and abroad: for graduate, postgraduate and professional courses.
- Wide coverage: tuition, accommodation, books, laptop and travel expenses.
- Repay after the course: repayment usually starts after the course ends, following a moratorium period.
- Tax benefit: interest paid is deductible under Section 80E of the Income Tax Act for up to 8 years.
Who is it for?
Students and their parents or guardians who want to fund higher education without draining their savings.
Offer education loans as a Profinity Partner
Connect students with leading lenders and earn on every loan disbursed through the Profinity app.
Loans are subject to the lender’s approval, terms and eligibility criteria.