Chayanika , 01 Jun 2018
Taking education loan was the biggest mistake in my life. I am from a poor family. So there is no hope of joining an engineering college. Then came to know about this education loan. Thought it to be a relief and went ahead to engineering counselling in Anna university. Due to lack of knowledge, even though I had seats in few govt colleges, I had chosen ECE in a private college. Then started my bad days. Took a education loan of 2.2L from Indian Bank. Even though it may not look like a big amount now, it was a huge amount for our family at that time. When I took the loan the interest rate was around 11.5%. At that time even I didn't get the benefit of interest subsidy i.e. during study we don't need to pay any interest which was later introduced by then finance minister. Follow the link : Student Education Loan