After taking an education loan, what is the repayment process and timeline?
27 Jul 2026 · Answered by Arati Rai · 1 min read
Repayment for an education loan usually starts six months after you finish your course (moratorium period). During this grace period, you don’t need to pay the principal, but interest may accrue.
- Repayment period: Up to 15 years, depending on the lender and loan amount.
- EMI structure: Payments are made through fixed monthly installments (EMIs).
- Interest during moratorium: Often added to your principal, unless you choose to pay it separately during the grace period.
- Early repayment: Some banks allow prepayment or foreclosure, sometimes with penalties.
Loan policies and timelines are subject to change.
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