10 Quick Tips to Keep in Mind Before Taking Education Loan

Planning to take education loan to admission in one of the prestigious colleges of India or abroad. Before you proceed,  just check out some of the important points that one should keep in mind.

It has been noticed that completing higher education or getting a professional degree is getting very expensive– be it in India or abroad.  As a result, most students need to take out an education loan.

Here’s how you can get hassle free educational loans:

  1. Decide the amount of loan
  2. Select long term repaying loan period
  3. Check interest rates
  4. Take loan from government-recognised bank
  5. Avail maximum loan
  6. Check the details of all costs
  7. Make down payment
  8. Keep copies of loan
  9. Make payments on time
  10. Earning sources after graduation

Source: India Today