The TCS rate for education remittances financed by a loan under LRS is 0.5% for the amount exceeding Rs. 7 lakh. For instance, if you're remitting Rs. 8 lakh for your education with an education loan, you'll pay TCS of Rs. 5,000 (0.5% of Rs. 1 lakh) on the Rs. 1 lakh that exceeds the Rs. 7 lakh limit.