Margin money in education loans plays a crucial role in the financing of a student’s educational expenses. It refers to the percentage of money that the applicant needs to contribute towards their total expenses. Unlike some other types of loans, most banks do not provide 100% finance for education loans. Instead, they expect the borrower to pay a certain percentage as margin money. For example, if a bank has a loan margin of 10%, it means that the education loan will cover 90% of the total expenses, and the remaining 10% will be the margin money paid by the borrower.
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