The rate of interest is less for education loans, in
general. However, many banks make business with their education loans and it is
hard to find the best loan for your education. You should enquire with all
leading banks about the rate of interest for education loan and this would help
you to compare Education Loan Rates.
You need money for your education and this is a long term loan, as far as you
are concerned. If you buy a product, which is with higher rate of interest, you
may lose a lot of money. You can avoid paying excess, when you select the right
loan for you. Without checking with the education loan providers, do not apply
for your loan. Only government supported banks may offer cheap education loans
and just keep an eye on that aspect, while availing your education loan, from a
reputed bank. You may have holiday for your repayment, with some banks and this
may be a better one for you.
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