What are the different repayment options for a student loan?

In India, there are several repayment options for student loans:

1. Standard Repayment Plan: Under this plan, you make fixed monthly payments for the entire repayment period. The repayment period can range from 515 years, depending on the terms of the loan.

2. Graduated Repayment Plan: This plan allows you to make lower monthly payments initially, with the amount increasing gradually over time. This is a good option if you expect your income to increase in the future.

3. IncomeBased Repayment Plan: This plan calculates your monthly payments based on your income and family size. Your monthly payment will be a percentage of your discretionary income, usually around 1015%.

4. Extended Repayment Plan: This plan extends the repayment period beyond the standard period, up to 25 years. This reduces the monthly payment amount, but increases the overall interest paid.

5. Prepayment: You can also choose to make prepayments towards your loan, which can help you save on interest and pay off the loan faster.

It's important to note that the availability of these repayment options may vary by lender, and you should check with your lender for details on the options available to you.