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

COURSE TYPE

If you offer a collateral like House, FD or something else your rate of interest will be lower.

COLLATERAL

Your existing credit history plays a big role in determining the quantum of loan and rate of interest.

Credit History

An education loan is obtained jointly with parents as a co-borrower. Hence a healthy income ensures beneficial.

Income

Make sure you check for the processing and prepayment charges before finalising an education loan

Charges

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