Some education loan providers have the flexibility where the applicant can choose to start repaying the interest plus principle after he finds a job. The same is referred to interest flexibility.
- Banks such as SBI & BOB have the flexibility. Axis does not have the flexibility
- All NBFC can have partial repayment of loan. The same needs to be negotiated at the time of sanction.
- Prodigy has the interest rate flexibility where as M-power does not have the same.
- In case of US banks you choose the loan repayment options most suited to you.