IDFC FIRST Bank
Know which expenses will be covered by the loan so that you can plan your budget effectively. Read on!
This forms the primary part of the education loan. The tuition fee incurred over the entire course duration is covered under the loan.
The cost of staying at a rented place or hostel is included in the loan’s scope. Plus, it also covers meals, conveyance and lifestyle expenses.
If the course has an additional component of examination fee in its fee structure, the same would be covered by the education loan.
Expenses like computer/laptop cost, lab fee, field visits, research costs, internships, etc. are also a part of the course and are covered.
Education loans might also cover other expenses like travel costs, insurance, Visa fee, etc. Check your loan terms for a complete list.