Education and Career Forum

Friends,
I want to do my Post Graduation in Canada. For this I am thinking to take an education loan. Kindly advise me that how should I know about the education loan scheme for it? Will I be able to clear the education loan amount after my education complete and tell me how does it work? What are the features there in an education loan?

It is nice to see that you are aiming at higher studies. You can definitely take education loan in order to meet the expense of your post graduation course. You need to approach a bank near your residence with the admission call letter and previous academic record for education loan. You can opt any bank, approach its branch manager for discussion regarding the education loan. Get to know the details of education loan, its terms and conditions and the formalities you need to complete. Act as per bank's instructions to get your loan sanctioned. If you perform well during the post graduation and get a job after completion of your post graduation, you can definitely repay the loan amount. Simple interest will be computed in your loan during your study period. You will need to start repayment after one year of completion of your study course or on getting a job whichever is earlier.