Prashant A Bhonsle explains the tax benefits you can avail under Section 80E of the Income Tax Act.

While both institutions provide financial assistance, there are significant differences between them in terms of offerings, eligibility criteria, interest rates, and other crucial factors.

Personal loans offer more flexibility in usage but may come with higher interest rates and shorter repayment terms. It is important for individuals to evaluate their needs, financial situation, and future goals before deciding between the two loan options.

Prashant A Bhonsle lists 5 major points you need to keep in mind before applying for a student loan.