Students are expected to start repaying their loans within six months of landing a job or after one year of graduation, whichever is sooner. Most banks require that students pay simple interest on the loan even as they are studying. The loan is exten

Students planning to study abroad can also apply for loans, though sometimes they face a chicken-and-egg situation. Some foreign colleges, such as those in the U.S., require a proof of finances at the time of admission. However, most banks in India d

Education loans are still a small portion of banks' loans portfolios. But the government considers education loans to be one among a list of "priority-sector" loans so government banks sometimes give these loans to fulfill their quota for priority-se