Educational Loan

  It is very common for students to apply for education loans to complete their further studies. Nowadays most of the good universities charge a high tuition fee. If you have to pursue your education abroad, your expenses would be much more. For most students, the only way to make this possible is to apply for an education loan. With such loans, their academic expenses are taken care of and they do not have to worry about anything. Everything till this point seems to be pretty smooth-sailing. But once students complete their graduation, it is then time to start paying EMIs for the loans they have taken. That’s when the complications start. But this certainly does not have to be the case for you. With a few smart tips, you can repay your loans with no problem at all. So, let us take a look at some of the quick ways you can repay your education loan: Stick to an organized budget Most borrowers who struggle to repay their loans have a common reason – not focusing on their budg...

An education loan interest calculator is also known as an EMI calculator. It is an extremely useful tool that can help you create streamlined repayment plans and ensure you have a smooth borrowing experience. However, despite this, not many students are aware of these innovative online calculators. Keeping this in mind, the following article will attempt to build awareness around these helpful tools by explaining what they are, how to use them, and the benefits of using them before you apply for a loan. So, what is an education loan interest calculator? As mentioned earlier, an education loan interest calculator is better known as an EMI calculator. It is a simple yet extremely powerful online tool that calculates the equated monthly installments of your education loan. A good EMI calculator will also tell you the break-up of the interest amount & the principal repayment amount of each EMI along with the total interest payable. That’s why the EMI calculator is also known as an ...