Mar 23, 2025
Being unaware of different banks and NBFCs offer varying interest rates, loan tenures, and repayment options.
Source: canva
The moratorium period allows students to delay EMI payments, but some banks charge interest during this time.
Source: canva
A shorter tenure means higher EMIs. While it helps clear debt faster, it may strain your budget
Source: canva
The Indian government offers schemes like the Interest Subsidy Scheme for certain economic sections.
Source: canva
Calculate the required amount based on tuition fees, living expenses, and scholarships before applying.
Source: canva
Floating rates can change over time, affecting EMIs, while fixed rates offer stability.
Source: canva
Delaying EMIs affects credit scores and may lead to penalties. Try using an auto-pay feature for loans.
Source: canva
Many banks allow prepayment without penalties. Making partial prepayments whenever possible can reduce interest burden.
Source: canva
9 Most Expensive Handbags in the world