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Showing posts with the label Repayment of Loan

Educational Loans

All public sector as well as private sector banks offer educational loans for the students aiming for higher education in foreign countries or in India, but due to global meltdown prospectus of jobs have declined, even peoples are getting pink slips and after finalisation of next central government the process of cost cutting will increase so what should be the precautions while you are taking loan. How do you know about it. First of all it is very difficult to compare the rate of interest charged. It is common phenomena peoples think that private banks charges more interest but they provide loan and quickly without any hassles while government / public sector banks charges less interest but to getting loan from these banks is very difficult because of formalities involved and bureaucracy. Normally securities like your house, jewellery, fixed deposits, other assets are asked against disbursement of loan. In public sector banks may be you need to pay commissions (actually bribe) to th…

Educational Loans

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We all know about the facility of educational loans available through public/private banks in India. In last 10 years a number of peoples have availed this facility for arrangement of quality higher education for their children's especially middle class service personnel's by mortgaging their personal saving/assets in the hope that on completion of education when their wards will get good job and they will be able to repay the liability of educational loan. Currently due to global meltdown/financial crisis all the good companies have stopped their recruitments and withdrawn appointment / offers given to freshers. Today news of Satyam for deferring joining dates 9000 freshers came to picture. it is leading to unemployment and frustration for all candidates and their families. they are worried about the repayment of loan.The most important point is that if their are no opportunities available for our young educated force what measures/policies government has framed. I think th…