Factors that Affect Tamilnad Mercantile Bank Education Loan

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