In a nutshell, getting an educational loan involves certain terms and conditions. Firstly, the loan amount depends on the course and institute. Secondly, the borrower must be a citizen of the country and should have secured admission in a recognized institute. They must also have a co-applicant, usually a parent or guardian, who is capable of repaying the loan. Lastly, the repayment usually starts after the completion of the course, but interest starts accruing immediately after the loan is disbursed.
| Jul, 18 2023 Read More
In my journey to secure an education loan, I've encountered several challenges. Firstly, the high interest rates and stringent repayment terms often add to the financial burden. Secondly, providing collateral for high-value loans can be problematic for those without significant assets. Additionally, the lengthy and complicated application process can be daunting. Lastly, the fear of landing in debt has been a constant concern, making the decision to take an education loan a tough one.
| Jul, 12 2023 Read More