There are no best providers, only those who are best for you individually. 
  
 The best way would be to go to multiple loan providers asking for basic details, I’d start with - (ranked in order of importance) 
  
 1. Interest rate  
 2. Moratorium Period (duration of the loan where interest would not be charged or lower interest is charged, most edu loans the interest starts after the person finishes college and starts work) 
 3. Loan term 
 4. Loan EMI (this is a function of points 1-3 above) 
 5. Processing fee 
  
 Also ask to check in the college they have preferred financing providers sometimes too.

Finance Operations

My brother is planning to do a master's in design. What are the best providers for an education loan? 

Context: Providers where the principal payments start

My brother is planning to do a master's in design. What are the best providers for an education loan? 

Context: Providers where the principal payments start post placement/getting a job

Educational Loan

Educational Loan- Grapevine

Welcome to Software Engineers's Private Community

So my sibling is about to graduate with a degree in Computer Science from a T2 college in a few months and wants to now do MS in the US because of three reasons: 

1. Low levels of violence against women(Sexual Assault) [IMPORTANT!!]
2. Want to do innovative work in the US instead of working on copycat products in India
3. Ambition of living in the US long term because of free-er culture

But my parents have flat out refused to fund the education or even help her with a loan due to regressive mentality (nahi jaana baahar, 2-3 saal kaam karo aur shaadi karo chup chaap)

She has accepted a job offer for now and will make 14L/year. What are her options? Should she drop the idea of MS abroad?

What to do if your parents refused to fund your education(MS/MBA) abroad?

Software Developer

Welcome to Personal Finance's Private Community

Hi guys, need advice, i am planning to pursue higher studies in India. Looking to know your experience in education loan, which is better, rate of interest and other details!

Please share your experience. Do and don’t if any. 

Thanks!

Education loan

Senior Associate

I always planned on doing masters after completing two years of experience. But with the current market scenario, is it worth going to USA to pursue masters in HCI ? I’m stressed about not getting h1b visa and also having to pay the loan if the market continues to be bad. 
Also, would love to know if anyone has done and is practicing as a ux designer in Germany, Netherlands? What are the prospects in Europe?

For context: 
Bachelors in Communication design 
Years of experience: 2 (product design) at reputed companies

Stay in India or pursue masters in HCI abroad?

UX/UI designer

I stay with my parents in a tier 2 town. We have a 800 sq. ft house which is more than 100 yrs old. We are really scared of living in this home as it is fully damaged. 

Yesterday one incident happened one of the walls got demolished. Fortunately we were not there at that time. 

For the past few yrs, We wanted to reconstruct our home from base, but the total cost is around 20 lakh. 

I have been working for the past 2 yrs but hardly able to collect 3 lakh as I spent most of the money by giving it to my father during my sister's marriage.

Guys, can anyone suggest 🙏🙏 there is any source or platform from where I can raise funds. We need to raise around 14 lakh.

Guys need your valuable opinion!

Analyst

Welcome to Indian Startups's Private Community

Hi, I am planning to lauch a edtech startup based on ISA (income sharing agreement) model. But I need some help in tracking student finances after completing our course. Basically, I should be able to know if student start earing from a corporate job after the course. I heard some fintechs provide this option and give it as loan to student to pay off course fee. But which finance companies are providing this and how do I approach them?

Anyone knows how ISA model work?

Hey Grapeviners,

I need help from all the experienced folks out there.

I and my father have 2 loans:

1. Educational Loan EMI - ₹6500/month for 15 years (₹ 7 lakh loan)
2. Home Loan EMI - ₹22500/month for 9 years (₹ 17.5 lakhs loan)

I am 22 and started my full-time career this month and wanted to understand how to repay 2 loans along with my father quickly with less financial burden. (I am the only child)

My expenses -

1. Paying Home Loan EMI - ₹ 22500/month
2. Investments - ₹ 30000/month
3. Petrol - ₹ 5000/month
4. Miscellaneous - ₹ 5000/month
5. Left with - ₹ 20500/month (lumpsum)

Should I create an emergency fund for myself first with the remaining amount or what else should I do, totally blank in this case?

My father looks after the household expenses, education loan, and his own investments. Not sure, how much he is left with at the end of the month as I am not aware of his income. (He has a private job)

P.S. - 

1. I spend consciously and don't have a bad spending habits. I love to drive (bought a car myself in Dec 2022) and climb mountains, so I manage to do treks every 3 months.

2. I am rigid about my investment amount, so may not compromise on that part.  

Would be forever grateful, if I get some helpful suggestions.

How do I pay 2 loans most efficiently?

Product Manager

For folks who recently graduated and have education loan to pay with multiple small loans that family have taken. How do you all invest money and what portion. I earn around 1l per month and 30% of my income goes into loans. It’s already getting better with those small loans already paid over the course of starting few months but the problem is I am left with no sufficient amount of money to invest after deducting the living expenses. Should I wait for the loans to get over first and then start investing or just invest like 10k per month?

Tips for investment with multiple loans.

Welcome to Product Managers's Private Community

I'm a final year student at a tier-1 engineering college. I am looking to break into product management and have been looking for internships and full time opportunities for the last 5 months. I've had no luck so far, and my campus placements are not up to the mark this year so no luck there as well. I've done all the essentials for preparing for this role, like preparing for interviews, participating in product teardowns, working on a portfolio etc. I initially planned to work for a few years and do an MBA in the US but I'm seriously contemplating going for a master's degree now (maybe MiM in EU or some MS in software applications in the US). Looking for advice on what should be my next steps. 
PS: I'm not looking to do an MBA in India. If I go for a master's degree, I want to do it abroad.

Is this a good time to go for higher studies (in management or similar)?

My brother is in great confusion if he should take a loan just to study btech and get an average job of 4LPA
or
if he should enroll on a  normal degree course and focus on building side skills and knowledge , he use to do freelancing stuff and internship in designing and all 

The confusion is that there is always hard work no matter what line you go, he is good at adapting and working on situations now though whatever he chooses he needs to go all in , just as a suggestion needed to know what are your take on the matter , how would some of you handle and take steps ???

Educational Loan

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