Posts by category: Education & Finance



What must one know before taking an education loan in India?

Understanding the terms before taking an education loan in India is crucial. Firstly, you should know that the interest rates vary between 9% to 15% depending on the bank. Secondly, most banks offer a repayment period of 5 to 7 years after course completion. Thirdly, the loan amount can be anywhere from 4 lakhs to 20 lakhs, depending on the course. Lastly, it's essential to know that collateral may be required for loans above 7.5 lakhs.


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