Calculate your education loan EMI
Collateral is an asset that is pledged alternatively to availing a study abroad loan. It can be tangible property in the form of government bonds or fixed deposits.
In India, if you feel the burden to pursue higher studies with self-financing, then a secured education loan is the best option. Here, you can pledge your assets as a guarantee for repayment of the loan. In cases where your family and financial status is strong, you have the option to go for an unsecured education loan, with the sole responsibility of paying the loan amount meticulously.
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By understanding the education loan terms and conditions, you can gain the information and the confidence to pursue your academic and future aspirations on the international stage. By gauging the nuances of different types, features, and benefits of these loans, you can make an informed decision about opting to finance your education abroad for higher studies.
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