You cannot get an education loan at a 0% interest rate. However, you can still fulfil your aspirations to study at a prestigious university abroad by taking an education loan at low-interest rates with GradRight.

Private banks and private lenders like Non-Banking Finance Companies (NBFCs) do cover the full cost of studying abroad.

You can get an education loan of up to 1.5 crores for education loan with GradRight, but the amount depends on your needs and profile.

EMI for a Rs 4 lakh loan for 5 years varies according to the interest rate. For instance, it will be Rs 9, 516 at the interest rate of 11%, while it will be Rs 10,598 at 20%.

You can make prepayments on your loan while you are in school or during your moratorium period but be aware of any foreclosure charges.

Your total loan is made up of everything you borrowed while studying plus interest. Interest is added from when the first amount is paid to you or your university until the loan is paid off or cancelled.

Student loan payments are generally made monthly which depend upon your rate of interest.

Because interest is calculated against the principal balance, paying down the principal in less time on your education loan reduces the interest you'll pay. Even small additional principal payments can help.

Depending on where you live and when you studied on your courses, it is possible you have more than one student loan but under different plan types.

EMI = (Principal + Interest)/Period in Months.