Student loan eligibility calculator helps you understand your estimated monthly EMI payments & calculate interest rates applicable on your education loan.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
When planning further studies, which include studying in a local institute or in an institute that is abroad, there are certain financial aids that can be used to help during this process. This loan for Indian education or loan for foreign education has a lot of consequences that can affect the future. In this article, we give you information that impacts the future when you use this financial aid.
If there is delay in a single payment, it will impact your score. This score in turn will affect all your future Student Loan Eligibility applications as the bank or the banking institutes will refer to your credit score before ensuring you are eligible for the loan application.
You will also have to live on a tight budget on a monthly basis until you can pay off the debt. If you repayment tenure is more than 7 years, you will have to pay off this debt almost half your lifetime. This will impact other decisions regarding buying a house or getting married.