Overseas Education Loan: Think Repayment Before You Sign

• Repayment is the hardest part of an education loan; EMIs start after moratorium regardless of employment.
• Tax benefits under Section 80E reduce total cost but don't lower monthly EMIs or help with uneven early career income.
• Employability, not just university name, is crucial; job markets, visa rules, and post-study work options vary greatly.
• Currency risk can significantly increase loan burden if repaid with rupee income due to exchange rate fluctuations.
• Large loans often require collateral or a co-borrower, involving the family and impacting their credit/assets.

Why It Matters: Careful consideration of repayment, job prospects, currency risk, and family impact is vital before taking an overseas education loan.