The rising cost of education in India has deprived millions, especially children from humble backgrounds, of quality education. It compels the parents to opt for an education loan to bridge the fund deficit for studying costs.
However, it often becomes difficult for them even to repay the loan. To help such borrowers, the government initiated the interest subsidy on education loans.
Students from economically weaker sections and low-income groups can now claim the interest of an education loan as a subsidy from the government. Depending on the scheme, the percentage of the subsidy varies.
The eligibility of interest subsidy schemes on education loans is also different for different schemes. Check out the most popular schemes available right now from the Central Government.
This Padho Pardesh Scheme is available to students from minority communities for overseas studies. This scheme aims at improving the employment scenario after completing a course. Meet the eligibility of this scheme and avail of interest subsidy on education loan.
Besides this interest subsidy scheme for education loans, the central government offers additional initiatives. Learn about it in detail.
The students from economically weaker sections of the society are eligible for this Central Government interest subsidy scheme. The fund availability is limited only for studying within the country. Avail of this subsidy to pursue any professional and technological courses. The eligibility of this scheme is mentioned below.
Note that most of these interest subsidy schemes can be availed only once in a lifetime for the courses specified. Therefore, in case of a credit requirement further for higher education, settle for a high-value amount by pledging property as collateral.
Apply for an education loan against property for high-value credit requirements. Bajaj Housing Finance extends this credit at competitive interest rates and other lucrative offers. Learn more about its unique offerings from the features and benefits of this loan. It includes:
Apply for a loan against property with us and utilise the fund without any restrictions. Finance course, admission and tuition fees using this credit and fund other miscellaneous expenses may or may not be related to study.
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Types of Loan Against Property
Education Loan on Property
Pradhan Mantri Rozgar Yojana
Education Loan Scheme
Padho Pardesh Scheme
Vidya lakshmi Scheme - Education Loan
Education Loan Subsidy
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Last update on 11-Mar-2021
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