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Showing posts from October, 2024

4 Key Factors to Consider in the Education Loan Search Process

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 Pursuing higher studies is important for having a prosperous future. However, a significant monetary investment is necessary to pursue a course at a reputed college or university. Hence, an increasing number of people today fund their higher education with a loan. Education loans or student loans allow an individual to pursue their desired higher education course at the educational institution of their choice. What exactly is an education loan? An education loan is a fund arrangement provided by banks and non-banking financial companies (NBFCs) for students to pursue their academic goals. Students can avail of this loan to finance their higher education. In addition to the tuition fees, the education loan amount can cover course materials, lab fees, living expenses and other associated costs. In the majority of cases, the repayment of education loans is deferred for the duration of the course. It starts once the student has completed the entire degree. Based on location, edu...

How International Exchange Rates Affect an Overseas Education Loan

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  Pursuing higher education in a foreign country is a dream for many Indian students. It not only gives you a chance to experience diverse cultures but also allows you to enter the world of endless opportunities in professional life. However, the large financial burden that foreign education comes with is among the major challenges. This is why many students turn to education loans for their studies abroad . It not only allows them to pay the hefty tuition fees but can also cover other expenses of living in a foreign country. Currently, a number of lending institutions are offering quick education loans for studying abroad  at low interest rate s. There are several factors that can affect an overseas education loan, and the international exchange rate is one of them. What is an International Exchange Rate? The international exchange rate can be defined as the value of one currency in relation to the value of another currency. Generally, these rates are floating and can in...