Offer valid from
15th January 2026 to 28th February 2026
Apply for an Education Loan
Notes & Assumptions
Effective Rate of Interest on Education Loan indicates the rate of
interest that an individual will effectively pay on the education
loan if an individual avails the tax benefits under Section 80E of
Income Tax Act, 1961 under the old tax regime.
For computing total tax saved over the life of the loan, the loan
structure is assumed as paying full interest over 2 years and
paying EMI over 6 years.
Tax rates may vary from individual to individual and the tax
benefits are subject to changes in tax laws from time to time.
Please consult your tax advisor/accountant to determine your exact
tax benefits.
Eligibility and validity of an applicant shall be determined solely
by Credila. Credila reserves the right to reject any application
without assigning any reasons therefore.
The calculator is provided as a self-help planning tool and is
illustrative and indicative in nature.
The Company has taken adequate care in preparation of the
calculator, however it does not guarantee the correctness or
accuracy of the calculator or its results.