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Education Loans for Canada

Updated on Nov 15, 2022
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Education is critical in the knowledge economy that we currently live in.

Education enables us to achieve new professional heights, allows us to live a dignified life, raises our level of living, helps us achieve financial objectives, and much more!

Education is a long-term personal investment with unrivaled potential for financial gain. You can achieve your goals with the help of an education loan.

The loan is accessible for career-oriented courses such as medicine, engineering, and management at the graduate or postgraduate level in prestigious Indian and international institutions.

The loan covers tuition, examination fees, library subscriptions, book costs, essential lab tools/equipment, laptop/computer, dormitory rates (if any), and other expenses.

The EMI calculator for education loans is an automated tool that will rapidly calculate your EMI.

Remember that your loan EMI is determined by the interest rate and the length of your loan.

Your loan's EMI is made up of two parts: principal and interest.

The EMI is typically fixed for the whole term of your loan and must be returned monthly.

You pay more towards interest during the first few years of your loan's term, and as you repay the loan, a larger part is shifted towards the principal component.

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