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The cost of education abroad can be expensive for a deserving Indian student like you, but that should not stop you from starting it. You can easily plan your educational journey with an abroad education loan with or without collateral . It will provide you with that much-needed financial assistance, but make sure you know these essential features of an education loan for studying abroad before taking it. Interest Rates Interest rates for overseas student loans vary based on market conditions. Your loan's interest rate is influenced by factors such as yours or the co-applicant's creditworthiness, chosen institution, loan tenure, and collateral. To minimise repayment costs, opt for an education loan with competitive and affordable interest rates. Repayment Terms Understanding the repayment terms of your education loan is crucial for effective financial planning and goal setting. Key factors to consider while taking an abroad education loan include repayment tenure, EMI structur...

Saving Money with Refinancing Many individuals take student loans to study abroad hurriedly. It does not give them ample time to weigh loan terms, interest rates, and repayment options with different lenders. As a result, they may get expensive education loans with higher interest rates. Student loan refinancing allows them to undo the hasty decision and get a better loan offer from a different lender. They can bag a great deal with lower interest rates.  Top Things to Consider for Student Loan Refinancing Check the Foreclosure Charges Many lenders have prepayment and foreclosure charges. Before refinancing a student loan, one must check the foreclosure fees or penalties charged by their existing lender. They must factor in this additional cost when looking for refinancing options.  Get Better Deal Maintaining a healthy credit score is vital for a better refinancing deal. Top institutions check the creditworthiness of individuals before giving them a loan offer. The best wa...