Chit Fund Loans

Chit Fund Loan Education and Marriage

For a majority of Indians, Education and Marriage of their children are of prime importance. Increasing education costs all the way from primary schooling to higher education and beyond puts the onus on parents to plan for such expenses from the very beginning. Taking an education loan is expensive in India. Interest rates charged by banks on an education loans are much higher than home loans since there is no tangible collateral for the bank when the loan is approved.

Investing consistently in chits would help a parent meet the education expenses of their children. Marriages in India are an expensive affair. They may be made in heaven but have to be paid for on earth. Since marriage is inevitable, it must be planned for, more so in the case of a girl child. Chit Fund Funds can provide the liquidity that is required to fund a wedding at a much lower interest cost in comparison with bank loan.