Education loan: Income tax benefits, moratorium period, lower interest rates for IIMs and IITs

New Delhi: The cost of education is rising rapidly, especially, if you are considering to study at a reputed institute. Quality education is a must for a complete and successful life. In order to provide best possible education, parents consider to make an investment in mutual funds (MFs), fixed deposits (FDs), unit-linked insurance plans (ULIPs), etc., for the long term horizon. With the rising cost of education, there could be instances where one may fall short of funds. In such a situation, an education loan comes to rescue. It helps to…

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