V Lakshmi
7 साल 2 महीने पहले
The education loan amount I'm repaying is 200 - 225% more than the principal borrowed. For an 8.5L sum borrowed, the end amount I've been asked to repay by the bank is close to 19L. For the 2.20L loan I borrowed for my UG, I've paid close to 5.2L so far and still the bank says I've 1L outstanding because the interest rates have been increased twice since I borrowed. 60% of my salary is spent on this every month and for the next 7 years. Please don't make education to become a choice or regret.
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