1 / 7

Student Loan Refinancing: Optimise Your Monthly Outgoings

Getting a seat in a foreign university is a big deal. It takes hard work and commitment to clear entrance exams and finally see your dream come true. But, in this excitement, you may be in a hurry to get an education loan. It often results in higher interest rates and unfavourable loan terms.

Mahak13
Download Presentation

Student Loan Refinancing: Optimise Your Monthly Outgoings

An Image/Link below is provided (as is) to download presentation 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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Student Loan Refinancing: Optimise Your Monthly Outgoings

  2. Introduction Getting a seat in a foreign university is a big deal. It takes hard work and commitment to clear entrance exams and finally see your dream come true. But, in this excitement, you may be in a hurry to get an education loan. It often results in higher interest rates and unfavourable loan terms. Only when you get a breather do you realise that you may have taken a hasty decision. Student loan refinancing allows you to pay off existing debt by switching from your current lender to a new one.

  3. What Makes Student Loan Refinancing a Student’s Best Ally? • Affordable Interest Rate • Student loan refinance enables you to choose a new bank or non-banking financial company (NBFC) to get an education loan at a lower interest rate than the existing one. • Repayment Flexibility • The best lenders have longer repayment terms on student loans. You can also choose a suitable payment scheme per your financial planning. It gives you flexibility and reduces overall financial burden. • Remittance Payment • Some lenders accept foreign remittance as repayment. It helps you refinance student loans without any discomfort.

  4. Top Things to Consider Before Applying for a Student Loan • Foreclosure Charges • You should always check for foreclosure charges with your existing lender before refinancing a student loan. You can do the math and calculate whether you will save or lose money by refinancing the loan if there are prepayment or foreclosure charges involved. • Refinance Early • It is best to refinance the loan sooner to save on the interest rate and optimise your monthly outgoings.

  5. Top Features of the Best Student Loan Refinancing • Top-up on existing loan • Zero processing fees • Transparent process • Funds for switchover charges

  6. Conclusion Top lenders provide education loan refinancing for studying abroad. You can get doorstep service. The experienced education finance expert will guide you through the refinancing process. You can explore Avanse Global education loan for studying abroad.They also provide refinancing ith excellent loan features.

  7. Website: https://www.avanseglobal.com/

More Related