Study Abroad: You should have a strong academic record and a confirmed admission letter from a recognised university to strengthen an education loan application for studying abroad. Avoid giving false information in the application form to process the loan. These can cause rejection of the education loan.
Union Bank of India, State Bank of India, Bank of Baroda, and ICICI Bank offer interest rates between 8.1 and 10.25 percent on an education loan of Rs 20 lakh for a tenure of seven years.
From navigating investments, student loans and scholarships, there are various ways to bring the costs down.
Experts list out solutions that will help students push their loan repayment worries away and focus on their academic pursuits.