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Kindly advise the different ways in which I can finance my life till I start working.
Like any guidance is appreciated. If you know someone or if you are someone who has a loan, pls give me the deets if possible (bank, scheme name, interest etc.)
I need to finance my life until I start working. I am hoping (and there's a good chance) that I get a PPO by end of June 2024 or a job offer through placements by Jul/Aug 2024. I live in a residential college.
Here are the list of things I need to finance:
1. College Fee - 2.7L
2. Two months in Mumbai
3. Living and Misc Expenses - 3,000 * 18 months (assuming I start working from July 2025)
The 3,000 figure is meant to include all incidental expenses as well as to have a reserve corpus.
Thanks in advance
For the college fees, you can opt for an educational loan which comes at around 11% pa and no collateral would be needed. Even for the personal loan of 120000 (54k+66k) you would not require a collateral.
In my research, these 3 requisites were common among all the reliable alternatives:
1.Any alternate source of income
2.CIBIL score of the guarantee
3.A consistent source of income proof of the guarantee
You should take note that if you belong to one of the T-1 NLUs, chances are that you would get a concession on the interest charged.