What are the repayment options for a student loan?

In India, the repayment options for a student loan may vary depending on the lender and the terms of the loan agreement. Some common repayment options include:

1. Standard repayment plan: This is the most common repayment plan where the borrower makes fixed monthly payments over a set period of time.

2. Graduated repayment plan: This repayment plan starts with lower monthly payments and gradually increases over time. This option may be suitable for those who expect their income to increase in the future.

3. Incomedriven repayment plan: This repayment plan is based on the borrower's income and family size. The monthly payments are calculated as a percentage of the borrower's income and may be adjusted annually.

4. Extended repayment plan: This repayment plan allows the borrower to extend the repayment period beyond the standard term, which can reduce the monthly payments.

It's important to note that the eligibility for each repayment plan may vary depending on the lender and the type of loan. It's recommended to check with the lender for the available repayment options and choose the one that suits your financial situation.