Repaying education loans for studying in France follows a similar process to other international education loans, but there are some key points families should know:

1. Repayment Start Date

- Moratorium Period: Most education loans offer a moratorium (repayment holiday) which covers the study period plus 6-12 months after course completion or until the student gets a job.
- Repayment generally begins after this moratorium.

2. Repayment Options

- EMIs (Equated Monthly Installments): Repayment is usually done in EMIs, which consist of principal and interest.
- Partial Interest Payment: Some banks allow partial interest payment during the course period, with full EMI starting after the moratorium.
- Full Interest Payment: Some families choose to pay interest during the study period to reduce the total loan burden.

3. Repayment Tenure

- Tenure typically ranges from 7 to 15 years, depending on the lender and loan amount.

4. Modes of Repayment

- Online Payments: Through bank net banking, mobile apps, or ECS (Electronic Clearing Service).
- Cheque/DD: Less common, but possible.
- Prepayment: Most banks allow prepayment/foreclosure with or without a small penalty.

5. Repayment from Abroad

- Students working in France after graduation (through the Post Study Work Visa) can send money to their Indian loan account via international wire transfer.
- Families can also repay from India using regular banking channels.

6. Sources of Repayment

- Family Savings: Parents/guardians often start repaying using their own income.
- Student’s Income: Once the student secures a job post-graduation, they can contribute or take over repayment.
- Scholarships or Grants: Any scholarship refunds or grants can be used towards repayment.
- Part-Time Work: In France, students can work part-time, and earnings can help pay interest during the study period.

7. Tax Benefits

- Under Section 80E of the Indian Income Tax Act, interest paid on education loans is eligible for tax deduction for up to 8 years.

8. Loan Repayment Support

Pollster Education offers guidance on:
- Choosing the right loan provider
- Understanding repayment schedules and moratoriums
- Managing loan repayments while studying or after graduation

If you need help in selecting an education loan provider or want to discuss repayment strategies, you can contact Pollster Education:
- Address: 8, Alankar Building, 1st Floor, Balaram Street, Above Bank of India, Grant Road (E), Mumbai
- Phone: +919324480791
- Email: info@pollstereducation.com

Would you like guidance on loan options for France, or help with specific banks and their repayment policies?