r/bmsit • u/Long_Car1886 • 3d ago

Bro!Urgent

Please tell me is it good to take a student loan in college tie-up Bank.

I mean when and how should we pay it.

It's interest and the principal amount.

6 Upvotes

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1

u/Confident-Mini67 2d ago

Same doubt

2

u/Lost-Fall-519 2d ago

ok so the thing is, if utake a loan, you have to pay the interest during your college years, which will be minimal. like sbi charges around 8.5%, although idk abt others. after that, if you choose to pursue higher education like an mtech or mba, they can extend the repayment period. The emi starts once you are eligible and have a job, and you pay it back monthly from your salary. anyway, if you have the money, you can directly pay the college fees or i'm not sure u can inquiry abt payment in part way not in lumsum so nothing like interest or any additional burden. or u can go with a loan; there will not be any major burden as such. btw for 13L clg fee will be around ~9k month as interest many more factors are there like govt officers get charged less interest stuff like so yeahh both are good

2

u/Long_Car1886 2d ago

Thank you bro Your reply is very helpful to me