Hi,
Once the loan is sanctioned. The bank can directly transfer funds to the university or in your account as well.
best prepayment methods? so that we take lesser stress and save more while paying interest…
Hi,
Best repayment method is paying simple interest during the course duration. It decreases the financial burden.
What’s the average amount of time taken to clear the loan sir according to you. And is the whole loan amount really require while studying.
Hello Sir, If we wish to repay the entire loan amount via prepayment in 3 or 4 years once we started paying the EMI. So, which tenure would be better?
a. 7 Years
b. 10 years
c. 15 years
d. 20 years
Sir can you brief about loan from international lender, procedure , eligibility , and interest rate , and interest payment during study
Hello sir,
If you wish to repay the entire loan amount after your course is completed and your EMI has started then the best suited loan tenure depends on various factors.
One of them is the loan type and payment during the course. If you go for secured loans then you do not have the option to pay anything during the course period. On the other hand, if you go for unsecured loan type then you have to pay simple or partial interest during the course period.
Ideally you should go for a longer repayment tenure so that your EMI is manageable and you can save and further pre-pay the loan.
Hello Radhika,
The loan amount that you disburse for your education abroad depends on one’s individual requirement. Hence, you can disburse as per your need.