EDUCATION LOAN

4 THINGS TO CONSIDER BEFORE APPLYING FOR EDUCATION LOAN

Published By Livemint | 06 Dec, 2022

Higher education typically entails high costs, needs for education loan

Students can apply for education loans through banks, NBFCs

Lenders may not always disclose nuances of the loan to customers

Here are four things to consider before applying for education loans

Your credit score plays important role in determining terms of loan

Compare processing fees, other charges you have to pay to secure your loan

Make an informed decision between floating, fixed-interest rates

Apply for tax benefits, government programmes to reduce interest