Can I Avail of any Interest Rate Discounts or Benefits while Repaying My Education Loan

Yes, you can avail of interest rate discounts or benefits while repaying your education loan. Many banks and financial institutions offer special schemes for education loans, such as lower interest rates for female students, timely payment discounts, or interest rate concessions for loans under government schemes. Some programs, like the Central Government’s interest subsidy scheme, provide relief during the moratorium period (course duration and up to six months after completing the course). Additionally, banks may offer flexible repayment options and longer tenures, making it easier for students to manage their loan repayments efficiently.Readmore