5 Effective Ways to Clear Education Loan Quickly

If studying abroad is a dream, then availing a study abroad loan is one of the primary approaches for funding. But again, fulfilling that education loan becomes a challenge. Achieving financial freedom and living a debt-free life is what every student aspires. Paying off the debt as early as possible can free up the earned income which can be further utilized to invest wisely for the timely attainment of financial goals.

Another major reason to pay off Overseas Education Loan in the stipulated time is to retain a respectable credit score.

Check out the 5 most effective ways to clear off your education loan:

Pay the Interest During the Course Duration
Every bank or finance organization has its own policies for rate of interest which are applicable on the loan amount. These are simple interest rates and the compounding of this interest increases the financial burden when actual loan repayment begins after your grace period is over. Hence, it’s always better to choose a lender that offers a lower interest rate. It is really important to wisely choose the overseas education financer. Some Financial Institutions give an option to pay loan interest amount upfront and in one go. This facility is provided depending on the nature of course and underlying demographics. These kinds of financial organisations are to be approached.


Smooth Planning of Finances

During the tenure of the course, spend wisely. Use a suitable Insurance Policy to cover the medical bills. Look out for some part-time work, which helps to put aside a certain amount of money on a regular basis. It doesn’t matter how small the amount is. Small amounts put together in a systematic manner amount to larger amounts in the future which can be utilised to pay student loan EMIs.


Earn While You Learn:

Students should consider taking part-time jobs to bear the day to day expenses. This can help to repay a large chunk of money through instalments or through a single stroke. There are some lenders that do not charge for repayment or charge less. So, again it all depends on choosing the right lender. Nowadays, repayment of student loan debt or providing assistance for student loan debt is the new employee benefit incentive which is becoming very popular as companies find this to be a good way to retain the right talent. 


A Little Excess Interest Every Month Will Add To Big Profit

This is another great way of paying the study abroad Loan debt early. Also, there is a special provision given to students before they start repaying their education loan. Now this is in the case of both unsecured and secured overseas education loan. The moratorium period or EMI holiday period allows the student or parent to pay the simple interest applicable for loan only during this period. The moratorium period begins from the time the loan is transferred to the student’s account till the completion of 1 year after finishing the course or 6 months after getting the job. Then the regular decided EMI value has to be paid by the student every month. This can be definitely beneficial in the long run of repayment.


Opt for Some Good Investments
This could be a creative way to pay off the higher education loan debt only after the student gets a job. Or if the student has some additional funds. The whole idea is to invest some money for a longer time frame. One of the great ways to do that is to choose a good Mutual Fund or alternatively invest the money in a Fixed Deposit which offers a fixed yearly return. Using this technique, the loan debt can be paid off by with the returns or interest earned from the investments. This way money keeps multiplying eventually easing out the burden of the entire loan amount.

Contact the nearest overseas education consultants to get complete guidance on education loan for study abroad which  now you know will not be overburdening.

Take the right steps today to live debt-free and stress-free tomorrow.

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प्यार का रिश्ता

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शानदार रिश्ते चाहिए

तो उन्हें गहराई से निभाएं

भूल होती है सभी से

पर अपनों के ज़ख्मों पर मरहम लगाए

तेरी मीठी सी मुस्कान

दवा सा असर दिखाती है

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ग़म की गहरी काली रात भी

खुशनुमा सुबहों में बदल जाती है

मैं साथ हूं तेरे ये बात जब तू दोहराती है

मिस्री सी जैसे मेरे कानों में घुल जाती है

सुनो। कह कर जब बहाने से तू मुझे बुलाती है

मेरे" जी" कहने पर फिर आंखों से शर्माती है

बिन कहे तू जब इतना प्यार…


मेरा सच

Posted by Monica Sharma on January 7, 2021 at 6:30pm 0 Comments

जवाब दे सको शायद

ये तेरे लिए मुमकिन ही नही

मगर इंतजार पर आपके

बस हक़ है मेरा

बिन कहे तेरी आंखों को पढ़

ले जिस दिन

समझो इश्क़ मुकमिल हुआ मेरा उस दिन

हसरत है तेरी ज़रूरत नहीं ख्वाहिश बन जाएं

जिद है मेरी हर सांस पे तेरा नाम आए

जिस दिन देख मेरी आंखों की नमी

तुझे महसूस हो जाएं कहीं मेरी कमी

मेरे सवाल तुमसे जुड़ने का बहाना है

वरना हमें भीड़ में भी नही ठिकाना है

जीते है तुझे खुश करने को हम

तेरे आंगन में खुशियों के रंग भरने को…


एक सच

Posted by Monica Sharma on December 4, 2020 at 2:12pm 0 Comments

तुम से लड़ते हैं के मेरे
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अपने ना होते तो"हार"
कर जाने देते तुम्हें ।
हक़ जताते है तुम पर
हक़ दिया है तुमने
बेवजह तो इजाज़त"अश्कों"
को भी नही देते हुए हम

मोनिका शर्मा

ज़िंदगी ......!

Posted by Jasmine Singh on December 2, 2020 at 11:02pm 0 Comments

ज़िंदगी एक अंधेरे बंद कमरे सी लगने लगी है !

यहां से बाहर जाने का दरवाज़ा तो है,

पर पता नहीं किस तरफ कितनी दूर,

और उसकी चाबी का भी कुछ पता नहीं !

वो भी मेरी तरह इस अंधेरे में गुम पड़ी है कहीं !

रोशनी का एक कतरा भी अंदर आ पाता नहीं !

इसलिए वक़्त का कुछ अंदाज़ा हो पाता नहीं !

कायम रहता है तो बस अंधेरा बस खामोशी ,

और मेरी हर पल तेज होती धड़कन ,

जैसे जैसे धड़कन बढ़ती है ये घबराहट भी और बढ़ती है,

और ये अंधेरा जैसे और काला हुआ जाता है ,



तुझको लिखती रहूंगी मैं, तुझको जीती रहूंगी मैं !

Posted by Jasmine Singh on December 2, 2020 at 9:41am 0 Comments

तुझे लिखती रहूंगी मैं

तेरे प्यार की स्याही में

अपनी कलम को डुबो कर

इस ज़िंदगी के पन्नों पे

तेरे साथ जिये लम्हों को

कविताओं में बुनकर

तुझको लिखती रहूंगी मैं

तुझको जीती रहूंगी मैं

तू वो है जो मेरे साथ है

और मेरे बाद भी रहेगा

कभी किसी के होठों में हंसेगा

किसी की आंखों से बहेगा

किसी अलमारी के पुराने

दराज की खुशबु में महकेगा

किसी की आंखों की गहराई

जब जब मेरे शब्दों में उतरेगी

तब तब मेरे बाद तुझे पढ़ने वालों के…



Posted by Jasmine Singh on November 28, 2020 at 10:36pm 0 Comments

Your absence always silenced the distance
Perhaps it was your presence in the distance
I wonder how will I cover this distance
May be this distance is not the distance
Actually responsibilities are the distance
One day we will swim across this distance
We will float on love and mock this distance
Hail and hearty we stay away from the distance
I pray no one gets to experience the distance
©Reserved by Jasmine Singh


Posted by Monica Sharma on November 27, 2020 at 8:00pm 0 Comments

ये प्रेम और परवाह की,
कवायद भी अजीब है।
पाया नही है जिसको,उसे
खोना भी नही चाहते
हो ना सके तेरे जो,
किसी और के भी होना नही चाहते
हमें इश्क़ है तुमसे, ये ज़माने को दिखाएंगे
तेरी ख़ामोशी को अपने ,बोल हम बनाएंगे
मोहब्बत आज भी तुझसे है,कल भी करेंगे
अपनी आख़िरी सांस तक,
हम मोहब्बत ही निभायेगे
तेरे सजदे में एक बार नही
सौ बार सर झुकाएंगे
अगर सच्ची है मोहब्बत मेरी,
तो सातों जन्म हम तुम्हें पाएंगे....

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