Education Loans Provided Under the Student Credit Card Scheme

Now, the education loans provided under the Student Credit Card scheme will be interest-free for all applicants. Previously, loans up to ₹2 lakh were repayable in 60 monthly installments (5 years), but this has now been extended to a maximum of 84 monthly installments (7 years). Similarly, loans above ₹2 lakh , which were previously repayable in 84 monthly installments (7 years), can now be repaid in a maximum of 120 monthly installments (10 years).