The Central Government recently approved the PM Vidyalaxmi education loan scheme. The scheme aims to provide easy loans and financial support to meritorious students pursuing higher studies. In this post, let us find out more about the scheme. What Is PM-Vidyalaxmi Scheme? Note that the Central Government will not offer education loans under this scheme.… Continue Reading
Education loans have a unique feature. That feature is moratorium on interest payments. On home loans, you get a moratorium on principal repayments (Pre-EMI) and not interest payments. Interest must be paid on time. Even for corporate loans, moratorium is typically only for principal repayments. And there is good rationale behind such moratorium on interest… Continue Reading
You need an education loan for higher studies. To be on the safer side, you want to apply to multiple banks, but the effort required to make multiple applications scares you. Here is a fine solution for you. The Government of India has launched a portal “Vidya Lakshmi”, where you can search for loans and apply to… Continue Reading