What if we told you that the rate of interest on an education loan might change post-sanction, would you be surprised? 8 out of 10 loan applicants would say an unequivocal yes. Few, if any, are aware of the complex formula that defines the interest rate of a student loan. Most Indian bank and NBFC loans come with a floating interest rate.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/save-2-lakh-in-abroad-education-loan