5 FACTORS TO CONSIDER WHILE TAKING AN EDUCATION LOAN
An education loan is the best approach to pursue higher education without affecting your financial situation.
Education Loan Interest Rate will be lower for courses with higher employment opportunities like Engineering, Doctorate etc
If you offer a collateral like House, FD or something else your rate of interest will be lower.
Your existing credit history plays a big role in determining the quantum of loan and rate of interest.
An education loan is obtained jointly with parents as a co-borrower. Hence a healthy income ensures beneficial.
Make sure you check for the processing and prepayment charges before finalising an education loan
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