A student’s guide to taking and repaying an education loan

A student’s guide to taking and repaying an education loan

It’s easier and cheaper to get an education loan today than it was five years ago. This is largely because of the increased push by the central government to popularise such loans and greater competition among lenders following the entry of non-banking finance companies (NBFCs) into this space. Though better education loan availability is a plus, experts say borrowers need to carry out ‘due diligence’ that they would do before taking any other loan. These are the following steps that need to be considered. Several private institutes have education loan desks of…

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