Factors that Affect LIC Loans Education Loan

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