(Ques) I am working from last 3 years and monthly salary is 24000/-. Since I want to go for higher education so will be requiring loan for2.5 lacs. Kindly let me know what would be the EMI's & rate of interest on 2.5 lacs loan amount & from when I need start paying back the loan amt, after completing my education?

(Ans) You should ideally take an education loan. These have multiple benefits like low rate of interest, deferred repayment and tax benefit. The rate of interest would be in the range of 12% to 14% and the repayment would start only after the completion of your course. The EMI would depend upon the duration of your course.