How Does Education Repayment Work in Indiabr br Starting the Process of Loan Repaymentbr br 1. Get a job & inform the Bankbr 2. Send your Ac details before the Moratorium Period endsbr 3. Set-up an auto debit systembr 4. Pay your EMIs on timebr br Paying the Loan Interest Amount During the Coursebr br - Some lenders let you pay your loan interest during the coursebr - Pay Simple Interest instead of Compoundbr - Reduce your financial burden when paying the actual loan amountbr br Handling EMIs on Low Paying Jobsbr br - Request the Bank to increase your loan repayment tenurebr - Try getting your EMis reduced to a suitable amountbr br Pre-Payment of Loanbr br - Lender might not charge you interest amountbr - Make partial to complete paymentsbr - Shift your focus to creating wealth quicklybr br Re-Financing your Loanbr br - Opportunity to get lower Rate of Interestbr - Saves a large amount in the long runbr br Failure to Re-pay the Loanbr br - Deterioration of Credit Scorebr - Landing your next job becomes difficultbr - Might lose your Collateralbr br Tax Benefitsbr br - Available under Section 80Ebr - If working in India, you can claim deduction for 8 yearsbr - Deducted amount depends on your income bracketbr br Visit to learn more.br br You can also check more details about Education Loan at br If you have any queries about this video or any of our products, you can let us know in the comments below or contact us through our website.