Benefits of taking an education loan for study
                     Benefits of taking an 
education loan for study 
in India
To ensure growth in your career, it is very important to have a 
post-graduation degree. Most students pursue these degrees by 
taking an education loan, since affording education has become 
very expensive. Covering all the expenses including the 
university fees, and other additional expenses will obviously be 
a huge burden for the students. 
Here is where an education loan comes in and helps the 
students by taking care of the expenses, and makes it possible 
for them to pursue further education. 
There are a lot of benefits that an education loan for study in India 
provides, listed below are how students can make good use of an 
education loan:
• Wide array of options
• Various financial institutions
• Income tax benefits
As per Section 80E of the Income Tax Act of 1961, the interest that the students 
pay on their education loans can be redeemed as tax deductions. This is not 
the only Act that is beneficial to the student, as Section 80C states that even 
the tuition fees that are paid for your education are tax-deductible. 
After the 10th standard, students are eligible to claim these tax deductions. 
Moreover, they are not limited to just regular courses, students can even make 
claims for vocational courses as well, as long as you are taking an education 
loan from a certified financial institution or a charitable institution. 
There are endless options when it comes to taking an 
education loan for study in India, so be sure to carefully analyze your options 
before choosing one that is suitable for your needs. 
 
THANK YOU!!