Apart from the interest rate, what are the expenses involved that I should keep in mind while applying for a personal loan?
Rahul Jain, Lucknow
While it is easy to get a personal loan, you should be aware that education loan cost and interest rates are high. When going in for this loan, apart from the interest rate, processing charge, if any, and prepayment charges are the only other expenses involved in taking a regular personal loan. Before deciding on applying for a loan from a particular bank, do compare interest rates and other charges with loan structures of other banks.
