Understanding the terms before taking an education loan in India is crucial. Firstly, you should know that the interest rates vary between 9% to 15% depending on the bank. Secondly, most banks offer a repayment period of 5 to 7 years after course completion. Thirdly, the loan amount can be anywhere from 4 lakhs to 20 lakhs, depending on the course. Lastly, it's essential to know that collateral may be required for loans above 7.5 lakhs.