Your Queries – Loans: Shorter tenure for education loan better if parent is paying

Your Queries – Loans: Shorter tenure for education loan better if parent is paying

By Chaitali Dutta Should I look for a shorter tenure of three years for an education loan and is there any penalty for prepayment?— S R Kumar Typically, an education loan tenure would be 6-7 years as the repayment of the loan is expected to be done by the student once the course is over. [...]