You might financing their overseas studies or that of your child’s using expenditures or knowledge funds
If you are repaying a training mortgage, you might allege taxation deduction into appeal covered right up to eight decades you/s 80E
While a dad otherwise students looking to take a training financing, check out a few:
Loan amount: Education loans usually cover the course fees and other expenses associated with getting an education overseas such as living expenses, examination fees, study material, travel expenses, and insurance.
You can aquire funds varying between ? 20 lakh or over to help you a total of ? 1.5 crore Very loan providers explore the expense within the mortgage number and students will likely be diligent on the guaranteeing most of these expenses are also included in an insurance policy. This reduces the economic burden away from an offshore training greatly.
Margin currency: A student must finance a fixed part of the financial requirement, or margin money,for overseas education and avail of an education loan for the rest. Continue Reading