Clear answers, upfront.

Not always. Unsecured loans are common up to roughly ₹40–50 lakh depending on the lender, the course and the co-applicant profile. Larger amounts usually need property or a fixed deposit as security, and secured loans generally carry lower rates.

Most education loans include a moratorium covering the course period plus six to twelve months. Interest may still accrue during that window, and some lenders offer a reduced rate if you service the interest while studying.

Section 80E allows a deduction on the interest paid on an education loan, for up to eight years from when repayment begins. There is no cap on the deductible interest amount. Confirm your position with a tax adviser.

You can start the process and get an indication of eligibility, but lenders sanction against a confirmed admission. Beginning early means the paperwork is ready when your offer arrives.

Where documents are complete and the profile is straightforward, lenders often decide within a few working days. Disbursement timing is set by the lending partner.

Mainly your credit score, income stability, existing obligations and employer or business profile. Because the loan is unsecured, rates sit above secured products.

Most lenders allow prepayment after a minimum number of instalments, sometimes with a foreclosure charge. The applicable terms are disclosed by the lender before you sign.

That is usually the point of applying early. Many consulates accept a sanction letter as proof of funds, so we work backwards from your interview date when planning the application.

Most overseas education loans cover living costs alongside tuition, though the proportion varies by lender and by country. The split is set out in the sanction letter.

The lender typically remits directly to the university under RBI rules. Charges and the exchange rate applied are disclosed by the lender and the remitting bank.

Lenders typically fund 75% to 90% of the assessed value, with the share falling as the ticket size rises. The balance is your down payment, and stamp duty and registration are usually excluded.

Most home loans in India are floating and linked to an external benchmark such as the repo rate, so the instalment moves with it. Some lenders offer fixed-rate periods at a premium.

Moving an existing loan to another lender offering a lower rate. It is worth modelling the processing and legal costs against the interest saved over the remaining tenure before switching.

The security depreciates faster and is harder to value, so lenders price in more risk, cap the tenure, and fund a smaller share of the valuation than on a new vehicle.

Some lenders fund up to the full on-road price for strong profiles, but most finance the ex-showroom price and expect you to cover insurance and registration.

It is the same product class, positioned for larger tickets and longer planning horizons. The eligibility and documentation work the same way.

It can, if the new rate is meaningfully lower than what you are paying and you avoid re-borrowing on the cleared accounts. Compare total interest over the full tenure, not just the monthly instalment.