Factors that Affect IVL Finance Ltd Education Loan
- Principal- The principal is the IVL Finance Ltd 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 IVL Finance Ltd Education Loan and vice versa.
- Rate of interest- The rate of interest for IVL Finance Ltd Education Loan is the rate at which the lender offers you the IVL Finance Ltd Education Loan. It is also directly proportional to the value of your IVL Finance Ltd Education Loan EMIs.
- Tenure- The tenure is the time within which you repay your IVL Finance Ltd Education Loan. The tenure is inversely proportional to your all other loan EMIs - longer tenure makes the monthly EMI instalments cheaper and vice versa.