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Studying abroad? How to choose the right lender type for an education loan

There are several other factors to consider apart from the interest rate, such as moratorium, collateral and quantum of assistance

Should you take an education loan or use retirement kitty to pay the fees?
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Bindisha Sarang Mumbai
While Covid-19 may have disrupted lives in general, it doesn't seem to have stopped those aspiring to pursue studies abroad. The United States issued the highest ever number of student visas, at over 55,000 in India this year, according to media reports. Surabh Jhalaria, head of education and SME lending, InCred Finance says, "July, August and September are actually the busiest months for students going abroad. Loan availing happens during these months. Fortunately, with the second Covid-19 wave ending quickly, visa issuing began and with vaccination validity being sorted, we saw a record number of applications go through." 

An education

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First Published: Sep 03 2021 | 7:48 PM IST

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