DESCRIPTION

Consider interest rate, collateral, cosigner terms when selecting lender.

Consider interest rate, collateral, cosigner terms when selecting lender.

Indian students typically approach banks, NBFCs, and a few international lenders for foreign education loans.

“With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost,” says Vibha Kagzi, founder and chief executive officer (CEO), ReachIvy.com.

Interest rates:
Kagzi suggests seeking flexible repayment or income-based options to ease financial pressure after graduation.

Mistakes to avoid:
“Ensure that the lender offers favourable exchange rates and low fees for currency conversion at the payout stage,” says Kagzi.

Read the full article here.