Education,Loan,Balance,Transfe education Education Loan Balance Transfer : A friend in disguise
Translation jobs are undertaken by professional translators who are well versed with at least two languages.Translation can work at two levels: inter-state or regional language translation and inter-national or foreign language translation. Some forms of parent involvement with the school such as communications with school, volunteering, attending school events and parent--parent connections appeared to have little effect on student achievement, especially in high school. Helpi
Normal 0 false false false EN-US X-NONE X-NONE Dyuti has just started her career by landing job in multi-nationalbank. After getting her first salary, she was preparing herself to buy giftsfor her loved ones. More than being excited for gifting things from her firstsalary, she was really worried about repaying her outstanding education loan.She has taken a loan of Rs. 20 lacfor her higher education from a premier institution in India and almost 75 %her salary will go towards monthly EMI.With the fees of most professional courses in India ranginganywhere between Rs 6 lac and Rs 40 lac, education loans are simplyunavoidable today. But, she made a mistake of taking the loan from thefirst bank she approached without comparing rate of interest with other banksand financial institution. No, she is repenting it.Have you taken education loan without giving much importance ofrate of interest and now you are repenting? Well do not worry; you can transferyour balance loan amount to bank or financial institution which offers low rateof interest and flexible repayment options.The process of balance transferAnyperson who has taken education loan and is pursuing studies in India or abroador has completed the studies can apply for education loan balance transfer.Theborrower of the education loan needs to submit the request letter for balancetransfer to the bank or financial institution. After getting aconsent letter or NOC and a statement mentioning the outstanding amount, youcan apply for education loan balance transfer to the bank or financialinstitution of your choice. You need to submit the received consent letter orNOC and a statement mentioning the outstanding amount to the bank or financialinstitution to which you are transferring the balance. The bank or financial institution will sanctionthe loan amount to bank or financial from where education loan was takenpreviously for an account closure. The bank or financial institution, you areshifting to will offer you a loan based on the current education loan ratesthey are offering to their education loan applicants. Remember, you need to pay onlyfor the applicable documentation charges.Someof the features of balance transfer are:Lower Interest Rate Lower EMIFlexibility of RepaymentZero processing feeYou can avail more loan amount It will be wise totransfer your education loan than tokeep worrying bout its repayment and in the end become a loan defaulter.
Education,Loan,Balance,Transfe