loan repayment

[vishwas]

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hi

Can anybody please tell me ,how long will it take to pay back the student loan for dental studies after you finish the DDS. 3 years or ?

 

[Kal ka dentist]

I hope this data will give you some idea about the payment.

If: Loan amount is 2,80000 US dollars and interest rate is 7 % then

Option 1 :
$ 5531 per month for 5 years

Option 2:

$ 3236.64 per month for 10 years

Option 3:
$ 2865 per month for 12 years

Option 4:
$ 2501 per month for 15 years

Option 5:
$ 2155 per month for 20 years

So, you can choose any option depending upon your income and comfort level.

I hope it will help to all who worry about repaying the loan.

Good luck for the admission process.👍

 

[ksr]

Hi,
Thanx for the info it certainly helps to get a clear idea of what to expect in terms of loan repayment.