0.5% concession in the interest rate to the girl students<\/strong><\/li>\n<\/ul>\nFor the students belonging to economically weaker sections, an interest subsidy scheme on educational loans is in place.<\/strong> Under the scheme full interest subsidy is available during the period of moratorium on educational loans up to Rs 7.50 Lakh disbursed on or after 1st April, 2009.<\/p>\nEducation Loan – Rules<\/strong><\/figcaption><\/figure>\nConclusion<\/h2>\n The Model Education Loan Scheme by IBA is good initiative. It will standardize a lot of terms and conditions across major banks for education loan. The only differentiating factor would be interest rates on offer. Additionally, collateral free loan and no margin requirement<\/strong> for loans up to 7.5 lakhs is great initiative and would help students from poor income group. As the admission season draws near, a good understanding about these education loan rules<\/strong> would help you in making right choice.<\/p>\n","protected":false},"excerpt":{"rendered":"The IBA has come-up with new guidelines regarding Education Loan which would provide financial support to meritorious students for pursuing higher education in India and abroad.<\/p>\n","protected":false},"author":1,"featured_media":11601,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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IBA has come-up with new guidelines regarding Education Loan which would provide financial support to meritorious students for pursuing higher education in India and abroad.","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11596"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=11596"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11601"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=11596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=11596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=11596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}