Factors that Affect L & T Finance Education Loan

  • Principal- The principal is the L & T Finance 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 L & T Finance Education Loan and vice versa.
  • Rate of interest- The rate of interest for L & T Finance Education Loan is the rate at which the lender offers you the L & T Finance Education Loan. It is also directly proportional to the value of your L & T Finance Education Loan EMIs.
  • Tenure- The tenure is the time within which you repay your L & T Finance 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