5 Reasons Why Education Loan is the Best Investment

Education Loan is an investment in your child’s future that never stops paying returns. Transparent process, easy repayment schemes and competitive interest rates have made education loans a reliable means to fund higher education from universities in India and abroad.

  1. It is an investment with assured returns.

    Unlike other investments that may or may not pay expected interests in the future, education loan is an investment that brings plenty of benefits and assured returns. Education from an elite institute opens up bright avenues for career growths that subsequently helps acquire better jobs.

    1. A degree from a prestigious and renowned university has universal acceptance.
    2. Professionals with degrees from high ranking universities are much sought after by multinational companies.
    3. Higher education helps explore and grab opportunities in some of the highest paying countries in the world.
  2. No loopholes, no hidden charges, no complexities.

    The much needed shift from quantity to quality in the education sector has resulted in an increased number of students opting for education loans to fund their education. With this,

    1. The loan process is no longer a roadblock.
    2. The process has become increasingly simple and transparent, right from application till disbursement.
    3. Dedicated loan managers and home visits aim to make the process hassle-free for students and their families.
  3. Easy and flexible repayment terms.

    Education loans are aimed at empowering students and not overwhelming them. We, at HDFC Credila, believe in your child’s dreams and aspire to be a stepping stone in their journey to success.

    Our purpose is to help students accomplish their goals without making their aspirations a burden on their parents by –

    1. Allowing for longer and flexible repayment terms.
    2. Tax benefits under Section 80E of the Income Tax Act of India, 1961.
    3. Providing the best interest rates in the market.
  4. Tax benefits

    In addition to funding your education, education loans help save tax as well.

    1. The interest paid on the loan is deductible from the taxable income under section 80E of the Income Tax Act of India, 1961.
    2. However, this benefit can only be availed if the loan is taken from a government approved bank or NBFC like HDFC Credila.(The Gazette Notification of HDFC Credila can be viewed at www.incometaxindia.gov.in)
    3. Individuals can claim this deduction when taking loan for self, spouse or children.

This aspect of an education loan is especially beneficial for parents as they can avail tax benefits while assuring a better future for their children.

An education loan offers many advantages for aspiring students and their families. Give us a call and our representative will visit you to further assist with your queries. It is time to invest for a better future.

Hope this helps. Stay tuned to discover more.