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GroovyNoodle
GroovyNoodle
Stealth

Educational Loan

My brother is planning to do a master's in design. What are the best providers for an education loan?

Context: Providers where the principal payments start post placement/getting a job

20mo ago
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SillyKoala
SillyKoala
Stealth20mo

There are no best providers, only those who are best for you individually.

The best way would be to go to multiple loan providers asking for basic details, I’d start with - (ranked in order of importance)

  1. Interest rate
  2. Moratorium Period (duration of the loan where interest would not be charged or lower interest is charged, most edu loans the interest starts after the person finishes college and starts work)
  3. Loan term
  4. Loan EMI (this is a function of points 1-3 above)
  5. Processing fee

Also ask to check in the college they have preferred financing providers sometimes too.

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