Education and Career Forum

Respected Sir,
Is there any interest free educational loan available for higher education ?

No, there is no education loan which is available wherein the organization do not charge interest on the loan. However, you can get scholarship from Sahu Jain Trust wherein you need to pay the scholarship amount after you get job without any interest. The interest rate for the banks normally fluctuates between 13.5-14.5 percent. For SBI, it is 12.5-13.5 percent (one percent lower than other banks).

IS there any interest free education loan available?

None of the banks provide interest free loan.
A candidate can get loan on concessional rates of interest.
There are few other ways that one can opt to lessen the burden of interest.
One of them is applying for a scholarship to lessen the burden.

There are various scholarships offered by Government to desirous students.

Federal Direct subsidised loan which are awarded to lower income students who complete the FAFSA are technically interest free throughout repayment.