education loan

Interest rates on any loan are based on RBI repo rate and and revised every quarterly. Based on that banks have their own policy to fix rates of different loans, but usually differ by fraction of percentage.

No change in recent budget. Total amount of interest paid over educational loan is deductible u/s. 80E.

Refer: https://cleartax.in/Guide/section-80e-deduction-for-interest-on-education-loan