New Delhi, May 30 -- Beginning an academic pursuit is often a very important milestone which can involve a significant financial commitment. When assessing options to obtain the funds necessary to achieve your academic goals, personal loans and education loans are likely to be the two most prevalent.

Even though both provide you with some form of financial assistance, they engage you with different long-term effects, benefits, and structures. This article is intended to help you distinguish between the two.

Ankit Mehra, CEO and Co-Founder of GyanDhan, says "Personal loans feel convenient due to their speed and minimal paperwork, education loans are purpose-built and more student-centric. Education loans come with a longer repayment peri...