I just found out “Education Loan Refinancing” is a thing and I feel like an idiot. 🤡

Guyss I just had the shock of my life. I’ve been paying my Indian education loan EMIs for a year, thinking I was stuck with these rates until the end.

Apparently, you can actually refinance (transfer) your loan to another lender, especially moving it from INR to USD if you’re working abroad.

I found this calculator that shows you exactly how much you save in both INR and USD. I ran my numbers and the difference is actually insane (it’s not just a few thousand bucks, it’s lakhs over the tenure).

If you’re currently paying back a loan or even just planning one, try this out before you commit to one lender for 10 years. 

Wish someone had told me this earlier tbh.