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 thats not just the best but perfect for
  you?

Heres 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 loan is 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 students 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
  wont be strain on a single person regarding the
  payment of the loan.

5

• Thus finding the best education loan thats 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