BouncyNoodle
9moTrending @Accenture; Dealing with a ₹6 Lakh Education Loan — What Can I Do to Reduce My Interest?
I have an education loan of ₹6 lakhs with a 1% interest rate. What suggestions would you give me to reduce or manage the interest more effectively?
9mo ago
FloatingNarwhal
9mo
Try to pay some fixed amount from first salary itself....it will help you reduce principal amnt also intrest for further months...
And in India education loan are costly than vehicle and other loans
Better to target to repay in 2 to 3 yrs. I hope your getting around 30k so you can repay in 2yrs
BouncyNoodle
9mo
Per month 1 percentage
GroovyBurrito
9mo
1% interest per month or annum?
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