Education Loan for Study in Canada

Education Loan for Study in Canada

Blog Article

The scope of expenses covered by education loans for study in Canada usually includes tuition fees, accommodation, travel, study materials, exam fees, and even a laptop in some cases. Many banks also offer a moratorium period, which allows students to start repayment after completing their course or securing a job. This flexibility helps reduce financial pressure on students during their study period. Additionally, education loans can offer tax benefits under Section 80E of the Income Tax Act, which makes them even more attractive to Indian families.