Economy What are the benefits of taking an education loan? Updated : October 09, 2018 09:22 AM IST In case of education loan, lenders grant amount depending on the fee and other cost involved for completing the course. Typically, you can avail loan up to Rs 75 lakhs for studies in India, and up to 1.5 crores for studies abroad. Education loan interest rate is usually lower than other loan options such as personal loan. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.