FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Most of the companies provide education loans under the head of the personal loan which can be used for further studies. This amount can be used as education fees, we take into account lodging/accommodation costs, day to day expenses, etc. However, a personal loan does not have any tax benefits but if you take education loan from any lender, then you will get tax benefit of compound interest which can be claimed as a deduction.
Besides, a personal loan needs to pay every month immediately after when you take loan while an education loan can be paid after 1 year of the completion of studies.
Zerodha Trade@20
List of all questions Ask your question