A. In India, it is not possible to obtain an education loan with a 0% interest rate. Although, one can resort to some other methods through which his/her education loan interest rate impact decreases. Students can apply for various scholarships which will help them with the same. These scholarships are available on the basis of different academic institutions and study programme. Many charitable organisations offer interest-free loans scholarships. There is also a Central sector subsidy scheme in which your interest amount will be paid by the government while your moratorium period is ongoing, provided your family has an income of less than 4.5 lakhs per year.