Tag: Fixed Interetst Rate
6
Apr
FIXED vs VARIABLE INTEREST RATE on STUDENT LOANS: ADVANTAGES and DISADVANTAGES
A large number of students who go overseas for higher education, finance their education cost by borrowing money from banks and lending institutions. The lending institutions which lend money to students charge an interest on such borrowings. These interest rates are determined by banks and the rate of interest depend on a host of factors including the lenders profit margin,
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