EDUCATION LOAN

 

Success comes with brilliance, brilliance comes with practice, practice happens because of determination and knowledge. Education plays a key role to get ahead in life. That is why more and more people look for the best institutes, best places to get the knowledge for themselves or their children. But the best places come with a certain price. 

 

Saving for higher education is slowly becoming a new norm, but can that be enough? Working and studying parallelly can affect one thing or another and there is a possibility that neither will turn out as good if one would have given it their full attention. Well, there is a way of getting around it with Janakalyan Bank’s Education Loan Solution! A fund at your service which not only enables you to get the training for your goals but has other benefits as well!

 

The repayment period of Education loan starts after a certain period. This means, one can complete their training, get a steady source of income and start paying the returns. If a parent has taken an Education loan for a child, then this can be an opportunity to instill a financial discipline.

 

Education Loan also offers a wonderful opportunity for tax planning. The entire interest of education loan can be deducted under the tax section 80E. This helps lower the cost of overall loan. This deduction is available to whoever is repaying the loan, be it a parent or a child.

 

Bank keeps the records of credit of each person. This includes the returns of loan on time. When a young person who has just started earning starts repaying their loan, their credit history build, opening future prospects for them. 

 

Janakalyan Bank’s Education Loan solution can cover your in-country as well as abroad education, with repayment periods extending up to ten years, it can be a good option for your needs. SMS ‘Loan’ on 70659 66665 and we will get back to you with all the details you need.