Is loan plus savings a good mode of financing my masters abroad for a Master's?
03 Jul 2026 · Answered by Edayachandiran Velmurugan · 1 min read
Yes, combining your personal savings with an education loan is a practical way to finance your master's abroad.
- Lower loan burden: Using savings reduces the total loan amount and interest paid.
- Financial safety: Keeping some savings aside gives you a cushion for emergencies or unexpected costs.
- Tax benefit: Education loans in India usually offer tax deductions on interest paid (subject to change).
Make sure to plan your loan repayment based on your expected post-graduation income and compare loan options for the best terms. If you need help with loan planning, connect with your LeapScholar counsellor.
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