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People opting for loans note that
1. Tax benefit Under Section 80E, you can claim deduction on the interest paid for a maximum of 8 consecutive years starting from the year you begin repayment. There is no upper limit on the interest deduction.
2. Only interest qualifies Principal repayment gives no tax benefit. Structure your EMI understanding accordingly.
2. Education loans are among the cheapest unsecured loans Compared to personal loans or credit cards, rates are significantly lower. So do not rush to prepay principal unless you have a strong reason.
3. Arbitrage opportunity mindset. If your loan interest is 6.9 percent and you can safely generate 10 to 11 percent post tax through disciplined investing, you are financially better off investing the surplus rather than aggressively prepaying.
Be mindful of these huge loans and be smart about money.

1% extra recurring over 8 years for 50 lakhs is ~4 lakh rupees extra
2% extra is ~ 8 lakh extra.

You are welcome.
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Quote:

Anyone else also in the same bucket - R3 Mumbai now moved from Verified to SIP?
U got mail?

Quote:

*gmatdeb writes:*
A friend received sip for mumbai just now
Mail or need to check the portal?
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You dont get an email for SIP

Check on portal
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Okay
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Did anyone else get SIP for R3 mumbai or just that one person?
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Anyone know if any R1 waitlists have been rejected?
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Delhi location - my profile still shows verified. When can we expect the interview invites?
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Quote:

Yes many
What about mumbai?
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Quote:

*Azeem123 writes:*
Delhi location - my profile still shows verified- applied in r3. When can we expect the interview invites?
About mumbai?
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Hi guys need some help

Hi, im Archit. A economics graduate with 88/89/86 profile in my 10th/12th/grad. I got a cat score of 96.75 percentile and got a 695 in gmat focus. I had two businesses during my graduation, a tshirt business and a ai business where I make ai sales caller for my cat coaching itself. I am a fresher and my main extra curriculars are these two small business only, I ran them both for a few months before shutting them off for CAT prepration. Apart from them, I have some college societies etc.
Future plan is to run a business of my own after a corporate experience for a few years
Is my profile too bad for isb ylp programme (20 months).
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archit1k
Is my profile too bad for isb ylp programme (20 months).
Not at all bad. Please apply confidently with your GMAT score.

All the best!
--
Ashish
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