2) Education loan

once upon a time education was considered as a social service; but today it has become a business and some people find it very expensive to afford.

This is especially proved in the case of professional courses like MBA or other related courses Due to the high price many students find it difficult to afford the expenses.

Many banks across the country provide education loan, but you should always make sure whether the salary you are going to get in the future will compensate the loan that you have to repay.

Quick Tip:

Look for Public sector banks, as they give loans with cheapest interest rates rather than private banks that levy 11-14 percent interest on Education loans.

3) The next credit card

If you feel that you have managed your first credit card well along with the positive credit score, it is time for you to buy another credit card or to increase your credit limit on the first one.

Moreover, if you have learnt to use your card smartly; you can actually use it as a source of free money through reward point or a cash-back schemes.

Quick Tip:

Chose a card depending on your spending behaviour, rather than just looking at the reward points that you will get.

Also Read:

9 Simple Ways to File Your Income Tax Returns

Why India Should Have Women Centric Banks?