All articles category of:Financial Planning/Advice
Can I take education loan against my insurance policy?
Education loans are a great way to fund higher education, but did you know you can use your insurance policy as collateral? Yes, you can take education loan against your insurance policy. This is a great way to finance your studies without having to worry about a hefty loan repayment down the line. With an education loan against your insurance policy, you're able to borrow money that is secured by your insurance policy itself, meaning that you can rest assured that your loan will be paid back if you're unable to make the payments. Your insurance company will also be willing to negotiate the terms of the loan in order to help you get the best rate possible. Taking out an education loan against your insurance policy is a great way to fund your studies, so why not make the most of it?Read more