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HomeEducation Education Loan guidelines: #5 Choose the interest rate of the loan wisely Loan guidelines: #5 Choose the interest rate of the loan wisely

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Loan guidelines: #5 Choose the interest rate of the loan wisely

Loan guidelines: #5 Choose the interest rate of the loan wisely

Friday, May 12, 2017, 11:17 AM
You have to carefully prepare for the interest component of the loan because interest of the loan need to be paid regularly. There are some loans that offer fixed interest rates while some come with floating interest rates. Loans with floating interest rates will be affected with changes in the market rates. It is better to opt for loans that have fixed interest rates.
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