Four Year ago I took a Education loan for my higher education study from PNB bank.Education loan is not a good step by the government in India they paid you highest rate of interest around 12% per annum but in India you can get car at 7% rate.Education is so costly in India.My loan amount was 2 lac and I pay 4 lac in 3 year .
At the time of loan they will not disclose all condition .They took compound interest on it and bank will not give you any subsidy for it.If wanna take education loan read all the document carefully and compare all banks which give you best option according to you.