Education Loan

What is an education loan?

An education loan is a way you can fund your education and pursue and achieve your educational goals. It comes with a special benefit, known as moratorium period that allows you to repay the loan after securing a job.

Why avail education loan?

Bridge funding shortfalls: With an education loan, you can pay the education fee of your child while keeping your savings intact.

Low interest rate: Education loans comes at lower interest rate than personal loans and are thus affordable options to fund your child’s education expenses.

How to Get Education Loan?

To avail an education loan, you may apply in any public or private sector bank or an NBFC. It is a way to fund your education related expenses without incurring massive debt or disturbing your family’s finances. Before availing an education loan, you must check the following factors to get the best possible offer:

1. Determine the total cost and the amount you need to pay.

2. Compare education loans and choose the one that is suitable and offer the best interest rat

3. Make sure your loan cover tuition fee and additional cost like hostel fee ,mess fee , laboratory charges and examination fee

Education Loan

Education Loan

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