Yes, my advice would be to go for fixed interest interest rates. The floating interest rate can change and thus affect your EMIs. If you have already opted for a floating rate of interest, I would recommend you to understand interest fluctuations and plan for increment accordingly.
Yes, you will always have the option of transferring your existing education loan to a bank that offers a lower rate of interest. Once you get a job, your profile will improve and the lenders will agree on loan-takeover with a reduced interest rate.
I am planning to approve loan from Bank of Baroda. Can you tell me which will be a better option between SBI and BOB? Since ROI in BOB is 9.0 (Floating).
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