https://www.taxtmi.com/news?id=21523 The model education loan framework provides unsecured lending with credit guarantee protection for smaller loans, zero margin for eligible amounts, and a moratorium covering course period plus an initial post study year (with further moratoriums for unemployment or incubation). Simple interest accrues from disbursement through moratorium; unpaid interest may be capitalised at repayment start and EMI recalculated. Eligible borrowers receive an interest subsidy during moratorium, and the scheme offers concessions for servicing interest during study, a gender based rate reduction, and an income tax rebate for interest paid. en-us Tue, 02 Jul 2019 10:10:15 +0530 Tue, 02 Jul 2019 10:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21523 The model education loan framework provides unsecured lending with credit guarantee protection for smaller loans, zero margin for eligible amounts, and a moratorium covering course period plus an initial post study year (with further moratoriums for unemployment or incubation). Simple interest accrues from disbursement through moratorium; unpaid interest may be capitalised at repayment start and EMI recalculated. Eligible borrowers receive an interest subsidy during moratorium, and the scheme offers concessions for servicing interest during study, a gender based rate reduction, and an income tax rebate for interest paid. News - Tue, 02 Jul 2019 10:10:15 +0530 https://www.taxtmi.com/news?id=21523