Q. What does one need to look at in order to choose an Education loan?
One should prefer to take a loan from a bank located at the place of study than one located at residence, unless it concerns studying abroad. The person will have better access to funds if he/she take the loan from place of study. Along with that one should make sure the repayment period starts after 6 to 12 months, the person has started his professional life. There is one more thing that a person should keep in mind is that banks prefer to finance students who are doing traditional courses.