Education Loan for Abroad Studies

Education Loan for Abroad Studies

Blog Article

There are two main types of education loans: secured (with collateral) and unsecured (without collateral). Secured loans generally offer better interest rates and higher loan amounts because they are backed by assets like property, fixed deposits, or insurance policies. Unsecured loans, on the other hand, are based on the student's academic background, university ranking, and co-applicant’s income, but tend to have higher interest rates.