Thursday, December 10, 2009

Understanding Student Loan Calculator

Understanding a Student Loan Calculator is very important before you are goin to sign a paper for your student loan. You should see all the fields carefully and understand, you can ask the compay representative if you can not understand anything. You should see the following things carefylly.

How many installments you will have to pay.
How much is the Student loan interest rate.
Is you Student Loan EMI fixed or varying each month.
Payment options of EMI.
Conditions of Student Loan Deferment.
Conditions of Student Loan Clearance if you wánt to pay off the whole student loan at any stage.
Calculate the total repayments and ammount you are getting, see the difference to know exactly, how much interest you will have to pay on your student loan.

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