Degree financing try preferred credit choice with regards to financial support higher education. But not, the brand new margin away from thinking-capital that of them funds wanted shall be a serious disadvantage to possess borrowers.
Loan providers might require one to funds a large part of your own tuition costs to possess residential and you may to another country degree if the amount borrowed is higher than Rs.cuatro lakh. Also, you may need to mount equity for finance significantly more than a particular number.
Lastly, you’re restricted to using the finance only for tuition and could have the financing for sure educational institutes, programmes, and you can places.