Have a question on loans? This may help you

> I plan to take a loan for my son’s higher education. Do I have to pay EMI from the day I get it? – Gaurav Singh No, in an education loan the EMI essentially starts after completion of the course. In the interim period, you may clear the interest component, every month. In this period, the interest applied is simple interest and not compounded. > I want to invest some money in stocks. Can I take a bank loan to invest? —KS Sujan As an advisor, I would discourage…

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