Archive · 29 Sep 2025
Financial Advisor Shares Loan Saving Strategies for Education Loans
Imagine you borrowed money to pay for school.
It's like borrowing ₹17 lakh, but with interest, it could become ₹34 lakh over 20 years.
A financial advisor, Nitin Kaushik, shared how to pay less.
He suggests paying the loan back faster.
By understanding the time to pay back your loans and not using the moratorium period as free time but as time to plan repayments, you can save a lot of money.
The key is paying back the main amount earlier, which reduces the overall interest you pay.
This can save you a significant amount, like saving ₹13 lakh.
Financial advisor Nitin Kaushik shared education loan repayment strategies.
A ₹17 lakh loan repaid over 20 years can double with interest.
Early repayment can significantly reduce the total amount paid.
Understanding moratorium periods is crucial for planning repayments.
Resisting lifestyle inflation after salary increases is advised.
- Who
- Chartered accountant Nitin Kaushik shared advice.
- What
- Strategies to save on education loans.
- When
- Information shared in a post on X.
- Where
- N/A
- Why
- To help borrowers manage and reduce education loan costs.
Traditional Approach
Strategic Approach
Loan Management
Traditional Approach
May run the full loan term.
Strategic Approach
Prioritize early repayment to save on interest.
- Loan Amount Example
- ₹17 lakh
- Original Loan Term
- 20 years
- Total Paid with Full Term
- ₹34 lakh
- Total Paid with Early Repayment
- ₹21 lakh
- Savings with Early Repayment
- ₹13 lakh
- Advisor
- Chartered accountant Nitin Kaushik