Education loans: What is a moratorium period and what makes is so useful?

With rising competition, it’s easier and cheaper to get an education loan today than it was a few years back. But for a university or country that is not popular among students, a lender may seek additional security. When taking a loan, it is important to look at various factors, and not just the interest rate.

• To arrive at your loan requirement, consider charges like hostel, university mess, other incidental expenses, besides tuition fees
• Lenders may not lend for admission in less-popular universities or ask for extra collateral as the non-performing assets in the education loan segment have been growing in recent