Taking a loan to study abroad? Be prepared to pay margin money of 10-25%
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar suggested prepaying the loan when possible, cutting expenses and approaching lenders to restructure if repayments get hard. He reminded parents that they share liability and that repayment should not hurt their retirement plans.
More of Abhishek's views on debt and loans
The article covers the hurdles students face when borrowing to study abroad, from high interest costs and collateral rules to paperwork, processing time and margin money of 10-25% of costs. It also discusses how to pick a lender and common mistakes, such as borrowing too much or too little and applying late.
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Taking a loan to study abroad? Be prepared to pay margin money of 10-25%