Education Loan Required by and provided to students who want to pursue higher education in resident country or abroad. Education is the biggest investment in one’s life. There are some term and condition regarding education loan, although it varies from bank to bank. Students should have an admission offer from an institution before they apply for an education loan. Simple rate of interest is charged depending upon the base rate of the bank. It is not mandatory to pay the interest during the study period. The repayment tenure varies between 10 years and 15 years, depending upon the loan amount and repayment begins between six months and two years of the course completion. In India it’s not much difficult to take education loan. If you want to know more and to compare the interest rate on education loan provided by various banks and financial institution, visit easyloanindia.com. It will help you in deciding which financial institution will be best for taking an education loan. Learn now and pay later.