What is consolidation of loans?
How does the consolidation work?
You have to be very careful while considering the consolidation of loans as in some cases consolidation is not beneficial.
Students can be consolidated only once-
So, it is always advisable to wait for the right time.
The rules for the calculation of interest changes from time to time. Therefore, you need to be in touch with the lender to know the exact interest rate.
You should consider the following before you decide to consolidate your loan.