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View Full Version : 5 factors to consider before applying for education loan


radhamadhavi
January 21st, 2012, 10:48 AM
The entire loan process can be made less tedious if students plan in advance and exert due diligence. Here are a few points to bear in mind-:

1) Do not borrow beyond your capacity: One should not forget his limits while borrowing money from bank. Try to take a loan of minimum amount. Families on a tight budget and with numerous other financial commitments (like house loan, car loan, house rent, etc) need to work out the loan amount possible. Keep the EMIs in the range of 20 to 30 percent of your future monthly earnings estimate.

2) Research about the course, college:

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