When to Opt for Student Loan Refinancing?

Avanseglobal28 Nov, 2024Business

Paying EMIs of your student loan, especially the one acquired for studying abroad, can become a huge financial burden for many borrowers. Hence, you should opt for refinancing instead of hampering your credit scores by not making EMI payments in time. Refinancing an education loan involves taking out a new loan to pay off an existing one, often with better terms or conditions.