#1  
3rd November 2018, 07:35 PM
Amrita Bhattacharyya
 
Join Date: Nov 2018
Posts: 1

Is there any provision to get a subsidy on interest of educational loan?


Hello Sir, I took 3 lakhs 60 thousand education loan on 2011. I took job on 2016 till now I cannot able to complete my loan amount my income per annum is less than 4 lakhs. Am I eligible to get the subsidy on education loan interest? Please provide details.




  #2  
7th November 2018, 07:18 PM
AWNISH RANJAN CHAUDHARY
Senior Member+++++
 
Join Date: Mar 2012
Posts: 3,990
Default Re: Is there any provision to get a subsidy on interest of educational loan?

There is provision of interest subsidy on education loan for professional courses.

Candidates can get interest subsidy till one year after course completion. After that you will have to pay interest rate.

If you have crossed the interest subsidy period then there is no loophole to bypass it.




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