Everything About Interest Free Loans For Students in India | GyanDhan
Interest free education loan means that no interest will be charged on the education loan. In other words, the student or the lender has to repay the principal amount only. The main advantage of no interest education loan is that the financial burden on the students is reduced considerably. Let us understand this from an example. Suppose a student named Suresh took an education loan of INR 50 lakhs, then he has to return INR 50 lakhs only and not a paisa above.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/education-loan/interest-free-education-loans-to-study-abroad