What's the difference between tuition fee loan and a study loan?
Tuition fee loans typically cover only the cost of tuition, while study loans can also include living expenses and other educational costs. Study loans offer more comprehensive support.
When to use a personal loan for education?
Use a personal loan for education if you need quick access to funds and don't qualify for traditional education loans. However, personal loans may have higher interest rates.
Why you should use an education loan?
An education loan often offers lower interest rates and flexible repayment terms specifically designed for students. It's a tailored way to fund your education without relying on personal loans.
Most people who take loans intend to repay them when instalments are due. However, due various reasons, you may fail to pay your loan as scheduled. Luckily, you can opt for a loan deferment option whereby you delay your loan payment to some time in the future.
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