Consider all financial commitments, including tuition, accommodation, living expenses, and unforeseen costs, to accurately determine your loan needs.
Utilize tools like the Education Loan EMI Calculator and College Course Expense Calculator to estimate expenses and avoid borrowing more than necessary.
Analyze different lenders based on eligibility, interest rates, repayment terms, and collateral requirements to find a loan that matches your financial situation and goals.
Choose loans from new-age NBFCs that offer holistic coverage for all educational expenses, including travel, accommodation, and living costs.
Prepare and submit all required documents accurately to streamline the loan application process and avoid delays.
Be aware that new-age NBFCs evaluate loans based on student-centric factors like academic performance, chosen course, and future employment potential.
Start repaying the loan early by making small contributions during the grace period to manage debt effectively and build financially prudent habits.