Posts by tag: educational loan

What are the terms and conditions for an educational loan?

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