<h1>Indian Banks Offer Education Loans up to Rs. 20 Lakh for Higher Studies with Interest Subsidy and Timely Payment Benefits.</h1> All Scheduled Commercial Banks offer education loans to support students pursuing higher education in India and abroad. The Indian Banks' Association (IBA) has developed a Model Education Loan Scheme, allowing loans up to Rs. 10 lakh for domestic studies and Rs. 20 lakh for overseas studies. Loans up to Rs. 7.5 lakh are collateral-free under the Credit Guarantee Fund Scheme. The repayment period is 15 years, with a one-year moratorium post-study. Interest is calculated during the study and moratorium periods, with optional servicing. Economically weaker students benefit from an interest subsidy scheme. Additional concessions include interest rate reductions for timely interest payment and for female students.