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Education Loan

Use Education Loan EMI Calculator to calculate your monthly installments & plan your future and have a proper financial plan monthly EMI’s

In a knowledge economy that we live in today in India, education plays a pivotal role. Education empowers us to reach new heights in our career, enables to live a respectable life, elevates our standard of living, aids accomplish financial goals, and much more!

Education is a long-term personal investment that has the potential to generate returns like none other.

With loan EMI on education, you can make your dreams come true. The loan for education is available for career-oriented courses like medicine, engineering, management, etc. either at a graduate or post-graduate level in prime institutes in India and abroad. The loan covers tuition fees, examination fees, library subscription, cost of books, needed lab tools/equipment, laptop/computer, hostel charges (if any), and so on.

Students can directly apply for a loan on education . However, their parent(s) or guardian will be treated as co-applicants, and their role will be akin to a primary debtor (a person who owes money).

But before you apply for a loan on education, as a prudent loan planning exercise, assess how much the Equated Monthly Instalment (EMI) will be.

When one takes a Loan for education, a natural question that comes to mind is how much the EMI would (Equated Monthly Installment) be that one has to pay back to the bank every month.

Hope following various banks loan calculators will help you in better understanding in taking and repaying the loan and it’s interest rates.

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