5 criteria to help you decide which is the best education loan

1. 5 criteria to help you decide which is the best education loan

2. Are you deciding whether to go for higher studies or no? • Are you worried where all the money for education and other expenses will come from? • Well, a single answer to your question is education loans! • With so many options available, how do you pick the one that’s not just the best but perfect for you? Here’s how:

3. Interest charged • The first thing to look for in an education loan is how much interest it charges on the loan amount. • You can compare the various education loans based on the interest rate charged and see which one is most suitable for you. Low interest rates means you will have to pay low EMIs per month. 2. Loan margin • Most lenders ask for margin on the loan taken. • This means that although you are taking a loan, you will be funding it partly along with the financial institute or bank. 3. Full coverage • The Best education loanis the one which offers 100% finance without any margin money. • The loan provider will cover the cost of your course, examination, books, equipment, living, and travelling.

4. 4. Tenure and flexibility of repayment • The repayment tenure of each education loan varies from student to student. It depends on the loan amount and the student’s ability to repay the amount. • The best education loan in India does not ask for repayment till the student has completed his or her course or received employment. 5. Co applicant • The financial institutes ask for a co signor for huge loan amounts in order to beassured of payment. • When you select multiple co borrowers, there won’t be strain on a single person regarding the payment of the loan.

5. Thus finding the best education loan that’s a right fit for you is easy if you know what to look for.

6. To Read More on best education loan in India • Visit us http://www.avanse.com/blog/ To Buy Education Loan Click Here