Education Loan: Tax Implications: Overview

Income tax deductions are always welcome, even if the loan was taken to fulfill academic ambitions of your children. Tax deductions are available only on the principal of the education loan. The interest paid on these is not eligible for deductions.

Education Loan: Tax Implications: Did you know...?



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As on 18 Mar, 2010
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Home Loan Fixed Rate (20 Years) 9.25% - 14%
Home Loan Fixed Rate (20 Years) 9.25% - 14%
Personal loan (5 years): 12% - 35%
Small Ticket Personal loan: 29% - 45%

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