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Keep in mind these 5 factors when you’ve got taken mortgage Have you ever taken training mortgage? Don’t forget these 5 ideas from Specialists – jj
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Keep in mind these 5 factors when you’ve got taken mortgage Have you ever taken training mortgage? Don’t forget these 5 ideas from Specialists

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New Delhi: Education expensive has occurred. If you are going to study at any good institution then you have to spend millions of rupees. Even the government institutions IITs and IIMs have a lot of fees. If you go abroad to read then it is only worth mentioning about fees. But, students do not have any problem in studies, so all banks offer education loans. The government has strict instructions from the government that the students should not be asked to give loans.

According to the report of the affiliate website Zebbiz, all the bank education loans offer up to 8.5 percent interest rate, up to 16 percent interest rate. What will be the interest rate depends on the amount of loan, course, course duration and re-payment option. Tax benefit under section 80 (E) is also available on repaying education loan. In such a case, on the basis of Expert opinion, if a student is taking a loan, then he should take into account some things.

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1. Before contacting the loan, contact the banks and find out which bank is offering the best offer.

2. The longer the re-payment period, the higher the interest rate. Therefore, before the loan finals, read all the terms and conditions carefully.

3. Usually student loan is for 8-10 years. However, this facility is available if the parents help the children in repaying loans. They will also get tax benefits. Also the bank interest rate will be charged less.

4. As soon as the job is done after the completion of the studies, get ready to repay the loan. Because there is no grace period after that. In the beginning, when someone starts earning, he wants to spend money in a fun way. If you pay the loan from the beginning, then it will be good in terms of financial health. You will feel the responsibility and earning will be useful.

5. While filling the EMI, keep this in mind that it is not missed. Because, it also has an effect on CiBil. On the other hand, continuously repaying the loan will reduce the interest rate and the students will get tension free soon. Experts always advise that there should be no delay in repaying EMI if financial growth is needed. Otherwise, the fines will be tired of filling, but the loan amount will never end.

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