Consider interest rate, collateral, cosigner terms when selecting lender

Quick Summary:

Various factors determine the loan rate: the rate at which the bank lends to the NBFC, the student’s risk profile, the university’s ranking, and whether the loan is secured or unsecured.

Loan amount: The loan amount must cover tuition fees, books, living expenses, and other costs.

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

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Article Details

Category: BusinessFinance

Markets: IndiaAustraliaCanada

Topics: Personal finance Choosing a lender Your money Finance sector Loans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 18:36:32 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22425165

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 347 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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