Topic Details (Notes format)

Repaying Student Loans Early: Pros and Cons

Subject: Static GK (General Knowledge)

Book: Indian Money Knowledge

Early repayment of education loans cuts interest outflow and eases mental stress. Yet, some lenders charge prepayment penalties. For students with stable incomes or unexpected windfalls, closing loans sooner can free up monthly cash for investments or personal goals. However, if interest rates are relatively low, redirecting extra funds toward higher-return avenues might be more beneficial. Balancing these factors ensures an optimal approach to loan closure and long-term financial growth.

Practice Questions

Who discovered the hepatitis C virus?

View Question

Which city in Ukraine is known for its Potemkin Stairs and Black Sea port?

View Question

Which subatomic particles are found in the nucleus with protons, having no charge?

View Question

Which element has the chemical symbol "F"?

View Question

In which sport is the Davis Cup awarded?

View Question

Which Indian state is the largest producer of wheat?

View Question

Which Chinese dynasty created the Terracotta Army to protect Emperor Qin Shi Huang in the afterlife?

View Question

Who discovered the ruins of Pompeii?

View Question

Which element has the chemical symbol "Sg"?

View Question

Which landlocked Himalayan country is located between India and China?

View Question