7 Things To Hold In Thoughts At The Same Time As Financing Your Training

Always factor in any processing fees or hidden penalties such as prepayment penalties or higher interest rates while signing up for loans.
For example, P2P lending platform, Faircent.com, has teamed up with Bangalore-based micro-lending startups, to offer student loans that require only part of the collateral.
Finding fundsIn India, most major financial institutions — from public banks to private institutions including NBFCs such as Credai — offer student loans.
Avoid the debt trapExperts recommend paying down your student debt early before the interest rates compound prolonging your loan repayment.
While most banks follow a standard interest rates offering 1.35 to 3 percentage points above the Marginal Cost of Funds based Lending Rate (MCLR), some banks can give out cheaper interest rates depending on specific criteria.

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