Factors that Affect IIFL Loans Education Loan

  • Principal- The principal is the IIFL Loans Education Loan amount that you avail from the lender or banker. It is directly proportional to your all EMIs - lower principal will lower your monthly instalments for IIFL Loans Education Loan and vice versa.
  • Rate of interest- The rate of interest for IIFL Loans Education Loan is the rate at which the lender offers you the IIFL Loans Education Loan. It is also directly proportional to the value of your IIFL Loans Education Loan EMIs.
  • Tenure- The tenure is the time within which you repay your IIFL Loans Education Loan. The tenure is inversely proportional to your all other loan EMIs - longer tenure makes the monthly EMI instalments cheaper and vice versa.

 

  • Allahabad Bank