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How much can you borrow in student loans?

Curious about student loan

How much can you borrow in student loans?

The amount you can borrow in student loans in India depends on the lender and the course you are pursuing. Typically, banks and financial institutions offer education loans of up to Rs. 20 lakhs for studies in India and up to Rs. 1 crore for studies abroad. However, the actual loan amount you can get depends on various factors such as your academic record, the course you are pursuing, the institution you are studying in, the cost of the course, and your repayment capacity.

It's important to note that the loan amount you borrow should be based on your actual financial needs and not just the maximum amount offered by the lender. You should also factor in the interest rate, repayment tenure, and other charges associated with the loan before finalizing the loan amount. It's recommended to research and compare different lenders before choosing the one that offers the best loan terms and conditions for your needs.

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