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Education loan basics: what to compare

Interest rate, moratorium, collateral and total repayment explained.

Compare the interest rate, processing charges, the moratorium period (the time you do not repay during the course), and whether collateral is needed. Check which institutions the lender has approved.

Ask for the full repayment schedule and calculate the total amount you will repay, not just the monthly instalment. Borrow only what you need for fees and living costs.

This guide is general information. Dates, eligibility and fees change every session, so confirm them with the institution or the official portal.

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