For studies in India, banks offer up to ₹10–15 lakh without collateral (under IBA model). For abroad studies, up to ₹75 lakh without collateral from premium institutes. Government schemes like PM Vidyalakshmi offer up to ₹10 lakh for domestic courses. Collateral-backed loans can go up to ₹1.5 crore or more.

The moratorium period is a repayment holiday during which you don't pay EMIs. It covers the course duration + 6–12 months after course completion (or 6 months after getting a job, whichever is earlier). During this period, simple interest accrues, which is either paid monthly or added to the principal.

Yes. Under Section 80E of the Income Tax Act, the entire interest paid on education loans is deductible from taxable income (no upper limit). This deduction is available for 8 years from the year you start repaying, or until the interest is fully paid, whichever is earlier. This is available under the Old tax regime only.

Government bank education loan rates: 8%–11.5% p.a. SBI Student Loan: 8.55–11.15%, Bank of Baroda Baroda Vidya: 9.2–10.7%, Canara Bank: 8.85–10.5%. Private banks charge 11–14%. NBFC lenders charge 12–18%. Female students and students from premier institutes (IITs, IIMs) often get 0.5–1% concession.

Loans up to ₹7.5 lakh: No collateral required, only co-applicant (parent/guardian). Loans from ₹7.5–15 lakh: Third-party guarantee required. Loans above ₹15 lakh: Tangible collateral (property, FD, NSC, etc.) required. Government schemes under Pradhan Mantri Vidya Lakshmi Yojana offer collateral-free loans up to ₹10 lakh.