Planning an education loan? PSBs cheaper, but they don't fund all courses

The biggest challenge with public sector banks is the processing time, which is why starting early helps

It’s that time of the year when students joining international courses for the Fall 2020 semester starting in August will be actively seeking education loans, especially if they have got acceptance letters from universities. Starting early will also help them get better deals and give them time to arrange the documents required for the loan. “There can be delays during June – the peak time for seeking education loans – for various reasons, especially if the lender required collateral. The lawyers can take time, a lender can ask for additional papers for the property, and so on,” says Ankit Mehra,