Education Loan
IIM alumnus and entrepreneur Shantanu Deshpande predicts the rise of urban India’s ‘Boomerang generation’. What does it mean?
IIM alumnus and entrepreneur Shantanu Deshpande predicts the rise of India’s “Boomerang generation,” as urban men and women in their 30s move back home. Driven by career setbacks, soaring costs, and unaffordable housing, this trend brings Gen Z and Gen X under one roof, creating a mix of independence, friction, and negotiation. Daily routines, relationships, and family dynamics are set to be redefined in this evolving urban scenario, he warns.
These 9 banking stocks can give up to 41% returns in 1 year, according to analysts
As we know, the last three months have seen a significant – and unprecedented – amount of foreign direct investment pouring into the banking sector. Much of this money went into smaller banks, or those with troubled pasts. Now, the question is: When even troubled entities are attracting money, will not the better-performing banks attract attention? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
One strength is must & enough to create wealth: 5 large-caps from different sectors with an upside potential of up to 22%
Irrespective of market conditions – bullish, bearish or volatile – there are some things which should be looked at very carefully when investing in any stock. The reason is simple: Market conditions change every day, week, and month. Business and operating conditions and the ability of the management does not change every day. And investing is about putting money in a business – a business which has some moat. It could be anything.
Small is getting beautiful once again: 8 small private sector bank stocks with an upside potential of up to 34%
What made banks like HDFC and ICICI what they are today? Besides many other factors, there is one – not quantitative, but qualitative – that made the difference. Back in the late 1990s, when not many banks were using technology to scale up and put systems in place to keep a check on NPAs, these banks focused on technology. Over the years, however, that differentiator between large private sector banks and other banks have become regulatory norms. The gap started narrowing and the process gathered pace when reforms were implemented from 2014 onwards. In this phase, some of the smaller private banks have also spent on technology. Now, with foreign money pouring into the banking/NBFC space, will they attract attention?
These 7 banking stocks can give more than 17% returns in 1 year, according to analysts
Another week when a foreign entity took a large stake in an Indian bank. On the face of it, it might appear to be just another deal. But it is a reflection of a change in the attitude of the regulator. It is now comfortable with foreign entities owning stakes in Indian banks. This is very different from a decade back, when that was clearly a no-go area for any foreign entity. It is also an indication that as soon as foreign investors (who have been taking exposure in banks through the secondary market) make a comeback, the sector is likely to still be at the top of their list.
These 8 banking stocks can give more than 21% returns in 1 year, according to analysts
In the last two trading sessions, banking stocks have witnessed slightly higher volatility. But don’t assume that volatility is always a bad word. Some banks will report their numbers soon, and given that interest rates are headed south, there might be some pressure on margins, which should not be a surprise. Sometimes, volatility is an opportunity if things are improving structurally. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
RBI ready to do heavy lifting on loan risk weights
The Reserve Bank of India is proposing new rules for bank loans. These changes aim to reward good credit habits. Banks will have lower capital requirements for certain loans. This could lead to more lending. Credit card users who pay on time will benefit. Big home loans may see tighter rules. These proposals are for future implementation.
How much term cover is enough? Don't rely on thumb rules, here’s what experts have to say
Experts advise against relying solely on income multiples while determining the adequate term insurance cover for themselves and their family. Calculating the Human Life Value, which considers liabilities, future goals, and inflation, is crucial for finalising on the adequate coverage required. Also, individuals should review their policy regularly after major life events ensures your family's financial security.
In Bihar, Prime Minister vows to end migration with ₹62,000 crore initiatives
Prime Minister Narendra Modi inaugurated a skill development university in Bihar, named after Karpoori Thakur, and launched ₹62,000 crore youth initiatives. He emphasized ending talent migration from the state by integrating ITIs with industries and establishing skill labs. Additionally, interest-free education loans and increased scholarships were announced to support students.
These 8 banking stocks can give more than 20% returns in 1 year, according to analysts
It is after quite some time that banks have come out with quarterly business updates that are upbeat both about the quarter gone by and the current quarter. Given that banks are the providers of credit for rising consumption, a part of their business will witness a recovery as consumption demand picks up. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
PM Modi launches youth-focused initiatives worth over Rs 62,000 crore with special focus on poll-bound Bihar
Prime Minister Narendra Modi unveiled youth-focused initiatives exceeding Rs. 62,000 crore in New Delhi, aiming to significantly boost education, skilling, and entrepreneurship. These initiatives are expected to create substantial opportunities and a strong foundation for national progress. Bihar will receive special focus to develop as a center for skilled manpower.
AIADMK will shatter Stalin's dream of winning 200 seats in Assembly poll: Palaniswami
AIADMK chief Edappadi K Palaniswami declared that DMK's dream of winning 200 seats in the next Assembly election will be shattered, predicting 210 seats for the AIADMK combine. He criticized the DMK government for failing to fulfill 2021 poll promises and alleged corruption. Palaniswami also vowed to complete the Harur Kumaran Dam if his party returns to power.
PM Modi felicitates 46 ITI toppers at Kaushal Deekshant Samaroh; over Rs 62,000 crore worth of youth focused initiatives unveiled
Prime Minister Narendra Modi felicitated 46 ITI toppers and launched youth-focused initiatives worth over Rs 62,000 crore, including the Jan Nayak Karpoori Thakur Skill University in Bihar. He unveiled PM-SETU for ITI upgradation and various schemes for Bihar's youth, offering interest-free education loans and skill training.
PM Modi lauds Nitish govt, says 'some trying to steal' Karpoori Thakur's Jan Nayak honour
Prime Minister Modi launched education and skilling initiatives for youth. He spoke about Bihar's development and blamed past RJD rule for education issues. Modi praised the current NDA government's efforts. Several projects were unveiled for Bihar. The PM-SETU scheme received a 60,000 crore investment. Modi also honored Jan Nayak Karpoori Thakur. He distributed appointment letters and scholarships.
PM Modi to unveil initiatives worth more than Rs 62,000 cr for youth, Bihar in focus
Prime Minister Modi is set to unveil youth-focused initiatives exceeding Rs 62,000 crore, including the Rs 60,000 crore PM-SETU scheme for upgrading 1,000 ITIs and establishing 1,200 vocational skill labs nationwide. Bihar will see significant investment with revamped student financial aid, a new skill university, and university infrastructure upgrades.
Trump’s student visa crackdown helps boom in Qatar college hub
Doha's Education City is experiencing record enrollment, attracting international students to its offshore American university branches as US policies deter foreign arrivals. Funded by Qatar, this hub offers valuable revenue for US schools and boosts Qatar's global influence, despite criticism over Middle Eastern funding and geopolitical risks. This trend signals a dynamic shift in global higher education.
Fee hike to hit banks, NBFCs with high education loan exposure
The move will not only deter fresh applicants from seeking admission to American universities but also affect the employability of students already pursuing courses there, creating asset quality risks for lenders, experts said. Nearly 30-40% of the ?2 lakh-crore education loan market is directed towards the US. The steep increase in the most popular US work visa fee - which the White House on Saturday clarified will be a one-time payment imposed only on new applicants - came into effect on Sunday.
These 7 banking stocks can give more than 27% returns in 1 year, according to analysts
One sector where actual performance has been better than what was expected has been banking. Look at the NPA trend. From private banks to PSUs, practically every bank continues to improve its NPA situation. Yes, there are exceptions among small finance banks, but large parts of the retail and wholesale banking space are better placed than they were a year back. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Upskilling cos tailor courses as H-1B fee hike upends plans
The sharp rise in H-1B visa fees is prompting students and professionals to reconsider their study choices, universities, and careers. Non-STEM course enrolments may drop, while STEM subjects could see increased demand. Students are now more focused on the return on investment for studying in the US.
Banks critical to India's growth in an uncertain world, says FM Nirmala Sitharaman
FM Nirmala Sitharaman emphasised the critical role of banks in driving India's growth amid global uncertainty, urging them to maintain strong balance sheets for infrastructure, industry, and MSME investments. She highlighted the need for partnerships with NBFCs to extend credit to underserved sectors.
H-1B fee hike risks; PhonePe's losses shrink
The H-1B visa fee hike threatens education lenders with riskier loans. This and more in today's ETtech Top 5.
NBFCs face rising delinquencies even as growth momentum stays intact
India’s NBFC sector continues to grow rapidly, outpacing banks, but Moody’s warns of rising delinquencies in vehicle loans, microfinance, subprime mortgages, and education loans, with profitability pressured by higher credit costs despite resilient gold loan growth.
Nitish Kumar announces interest-free education loans for those passing class 12 exams
The Bihar government has announced interest-free loans for students who have passed their class 12 board exams, under the Student Credit Card Scheme, to facilitate higher education. Chief Minister Nitish Kumar stated that all applicants will now benefit from interest-free loans, eliminating the previous interest rates. Additionally, the repayment period has been extended to ease the financial burden on students.
Techie, earning Rs 2.5 lakh per month, explains why he doesn't have a single rupee in savings in viral post
A 28-year-old man earning a substantial ₹2.5 lakh monthly faces rejection in arranged marriages due to lacking significant assets like property. Despite clearing his education loan, supporting his family with significant financial contributions, and investing wisely, he feels disheartened. The online community has rallied around him, emphasizing his achievements and resilience, highlighting the unrealistic expectations prevalent in arranged marriages.
The imposition of $100,000 on H-1B visa: Extortion, blackmail, or a self-inflicted wound?
The $100,000 H1B visa fee hike, introduced under Trump, was framed as protecting U.S. jobs but risks weakening American innovation, talent inflows, and competitiveness. While India bore the brunt with higher costs and reduced opportunities, it may benefit from reverse brain drain, stronger ecosystems, and renewed focus on self-reliance.
These 8 banking stocks can give more than 27% returns in 1 year, according to analysts
While everyone is looking at direct consumer plays, one of the gainers of the cut in GST rates is the banking sector – especially those banks with a decent presence in the retail segment. They are the ones who will be financing the buying of all additional automobiles sold because of the GST rate cut. Also, if we are hoping to see a consumption-led recovery, it is very likely that banks will be big beneficiaries, along with other financial sector players. Why? Because, beyond automobiles, a lot of consumer goods, from electronics to white goods, are financed these days.
Overseas education firms join student exodus from American classrooms
According to a November 2024 report by Frost & Sullivan, the number of Indian students pursuing education overseas was estimated to reach 2.5 million by 2030 – up from 770,000 in 2019 and an estimated 1.65 million in 2023 – with the US, UK, Australia and Canada being the top destinations. However, under the Trump administration, the number of students going to the US is coming down.
These 10 banking stocks can give more than 26% returns in 1 year, according to analysts
Given what we have been hearing in the recent past, we are probably not far from some announcements about mergers in the PSU banking space. The government appears clear that India needs banks which are of global size. However, unlike in the past, where mergers were executed between weak and strong banks, this time it is more likely to be on the basis of their strengths in particular areas. But there is a difference between a global bank and a global-sized bank. India will probably first focus on a global-sized bank rather than a global bank.
1 in 3 Indian students now take loans to study abroad: Report
A recent report reveals a growing trend of Indian students relying on education loans to finance overseas studies, with 33% taking loans. Germany's popularity has surged due to its rapid return on investment, while traditional destinations like the US and Canada experience slower growth. Career prospects are now the primary motivation, shifting away from permanent residency.
These 9 banking stocks from the private and public sectors may have an upside potential of up to 32% in 1 year
It is often said on the street that banking stocks reflect what is happening in the economy. Why? One example to put this in perspective: 100% of HCV/LCV sales take place on credit. A majority of cars are also financed. Similarly, with two-wheelers; much of the sales are financed. Now all these categories reflect a part of the economy. HCV/LCVs sales suggest greater movement of goods and services. Cars move people and have an aspirational value. Two-wheelers move the common man. And the common connection? They are all financed. Who provides finance? Banks or NBFCs. And who finances NBFCs, directly or indirectly ? Yes, banks.
CoinSwith founder has an advice for parents who still asks their kids 'beta engineer toh ban jao'
CoinSwitch Co-founder Ashish Singhal highlights a concerning trend: companies are skipping campus placements in Karnataka's tier-2 and tier-3 engineering colleges, despite students incurring significant educational costs. He emphasizes that the demand for engineers has decreased due to AI, and skills are now more important than degrees.
New TOEFL initiative gives Indian study abroad aspirants a chance to win Rs 10 lakh
ETS, in collaboration with Credila, has launched the TOEFL SUPER 50 program to support Indian students aspiring to study abroad. This initiative offers a prize pool of Rs 10 lakh, along with test preparation resources and financial planning support. Students registering for the TOEFL iBT test by December 15, 2025, and taking it by December 31, 2025, are eligible.
Mpower Financing raises $25 million in funding from US' Tilden Park
Mpower Financing will substantially benefit from Tilden Park’s capital markets and credit expertise, as well as global investment experience, co-founder Manu Smadja says.
CA gets the craziest client request ever while ITR filing: 'No money, bro. You pay my tax. Going for Europe vacation'
Chartered accountant Nitin Kaushik shared financial advice after a client's audacious request to cover his income tax. He urges the middle class to prioritize financial discipline, spend wisely, diversify investments, and build additional income streams. Kaushik also emphasizes the importance of insurance, avoiding lifestyle comparisons, and distinguishing between good and bad debt for long-term financial security.
Edtech startup Leverage Edu raises Rs 47 crore in Series A funding
Leverage Edu will use the funding to accelerate expansion into newer markets, bring in more product innovation, and deepen its student-first approach.
Taking an education loan? You must explain these key points to your child before taking it
Taking an education loan may be a good idea. It is important, however, for parents as well as children to understand the modalities and implications of this step.
Education loan from PSU banks with lowest interest rate(amt. Rs 4L-Rs 7.5L)
Below are the list of PSU banks providing lowest interest rates on education loan
Education loan from PSU banks with lowest interest rate(amt. Rs 4L)
Below are the list of PSU banks providing lowest interest rates on education loan without collateral
Education loan provider Credila in talks to raise $600m via ECB
Credila, formerly HDFC Credila, plans to secure up to $600 million in foreign loans post-IPO. Discussions involve DBS, MUFG, and SMBC. The funds will be raised via external commercial borrowing. The loan is marketed at 135-150 bps over SOFR. Credila's financing base has expanded significantly. Offshore borrowings now constitute 18.4% of its total debt.
Government asks public sector banks to adopt non-coercive strategy for education loans recovery
The non-performing asset (NPA) level in education loans had increased to 9.55% by December 2020, up from 7.61% in March the same year.
DHFL seeks Rs 1,500 crore in fresh loans a month
Dewan Housing will offer banks new loan pools as security for the funds.
Public sector bank or private bank: Where should you take your education loan from?
To get an education loan, you first need to secure admission to an accredited college or university. First, you need to check with the lender if the course or university you are planning to attend is on its approved list. One should keep in mind that while public sector banks typically offer a lower rate of interest, private lenders score on convenience and quick disbursal. So, which one should you go for?
Education loan for domestic & overseas study from private banks with lowest interest rate
Below are the list of private banks providing lowest interest rates on education loan for domestic & overseas study
Education loan for overseas study from PSU banks with lowest interest rate(amt. above Rs 7.5L)
Below are the list of PSU banks providing lowest interest rates on education loan for overseas study
Fewer student visas for US & Canada prompt NBFCs to change lending game
NBFC education loan growth is slowing from 77% in FY24 to a projected 25% due to stricter US and Canadian visa policies. This shift prompts NBFCs to explore alternative international markets and domestic education segments. While asset quality is currently healthy, risks may increase as a significant portion of loans exit moratorium.
Smart things to know about education loan
For education loans above Rs 4 lakh, a personal guarantee is required from a person whose income and repayment capacity is acceptable to the lender.
Getting education loan to get easier from next year, only digital admission letter would by enough to get loan
Reserve Bank of India plans to introduce a "frictionless credit mechanism" to simplify the process of obtaining education loans. The new system aims to streamline the application process by eliminating extensive paperwork and complex procedures. Instead, a confirmed digital admission offer will serve as the primary requirement for securing a loan.
Education loan from PSU banks with lowest interest rate (amt. above Rs 7.5L)
Below are the list of PSU banks providing lowest interest rates on education loan
DHFL education loan arm enters Delhi market, offers special rates
Avanse Education Loans, a education finance company of DHFL, today forayed into Delhi market offering education loans at 12.25 %.
These 9 banking stocks can give up to 32% returns in 1 year, according to analysts
When it comes to banking sector stocks, learn to deal with two opposite views on the street. Over the next few months, you will hear news of how bank margins have come under pressure. Ignore those headlines, Why? The fact is that, whenever the interest rate cycle turns down, there is a phase when banks see some margin compression. So it is a cyclical phenomenon, and does not change the macro story about why banks should be a part of your portfolio. And the macro story is that banks are the best play when it comes to the growth of the Indian economy.
How to apply for an education loan
Education loans typically cover the course fees as well as charges that can be attributed to education which may include accommodation charges, study material and equipment, travel expenses. etc. The quantum of loan also depends upon the course fee and the total income of the family.
How to avail an education loan
An education loan can cover accommodation charges, expenses related to the purchase of books and equipment, examination and library fee, travel expenses, and insurance premium for the student.
Educational Loan Scheme has outstanding amount of Rs 34K cr
However, no decision has been taken to set up a credit guarantee fund for the scheme
A longer education loan can be 'taxing'
According to rules, you can claim tax exemptions for a maximum of eight years. If your loan tenure exceeds this term, you lose out on deductions.
No proposal for education loans waiver, says govt
In the last three years from 2016-17 to March 2019, the amount of outstanding education loans rose from Rs 67,685.59 crore to Rs 75,450.68 crore in September 2019, as per data provided by public sector banks. More than 90 per cent of these accounts are standard as on March 31 this year, Finance Minister Nirmala Sitharaman told the Lok Sabha.
Once in Rs 1.2 crore debt, a techie couple claim building Rs 5 crore wealth before 40
An Indian couple, starting from humble beginnings and burdened by early debt, achieved a net worth of Rs 5 crore through disciplined savings and strategic investments in real estate and other financial assets. Their financial turnaround, sparked by the FIRE philosophy during the pandemic, highlights the power of financial literacy and perseverance.
Education loan moratorium can hike Rs7.5 lakh loan to over Rs 10lakh even before EMI repayment starts: Be careful
While education loan may help you achieve dream education however it comes with a cost in terms of interest payment. The mechanism of interest payment differs among the lenders. The type of education loan you opt for and how you utilise your moratorium period, will decide how much repayment burden you will have when you start paying EMI.
ETtech Weekly Recap: What startups want from Budget 2021, verification badge scam, & more
We tracked the Economic Survey 2020-21 and what it had to say about the country's startup ecosystem and how the Covid-19 pandemic and subsequent lockdowns helped make India one of the largest gig economy hubs in the world.
Factors to consider while applying for an education loan
Offering a collateral or a guarantee can help reduce cost of the loan.
5 smart things to know about tax breaks on education loan
Deduction on education loan can be taken if the loan is taken from bank or qualified institution for higher education of self, spouse or children.
Banks to increase share of education loans
At present, banks do not seek collateral on education loans up to 4 lakh, loans above 4 lakh require joint application and collateral.
Clear your education loan fast
With the fees of most professional courses in India ranging anywhere between Rs 5 lakh and Rs 40 lakh, education loans are simply unavoidable today.
Cheaper education loans for girls
Government-owned banks have decided to provide cheaper education loans to girls by extending a special interest rate discount of at least 0.5 percentage points on the card rate.
Interest subsidy on educational loans
Heptulla said the ministry will provide interest subsidy on educational loans for overseas studies for students belonging to the notified minority communities.
Interest subsidy on educational loans
Students from disadvantaged economic backgrounds will no longer face financial problems in pursuit of higher education as the government is set to launch an interest subsidy scheme on educational loans taken by them.
'Spent Rs 50 lakh, got nothing': Indian student’s viral post exposes dark side of US job hunt
An Indian techie highlights the struggles of international students in the US. Many graduates face massive education loans and limited job prospects. One graduate returned to Mumbai with a large debt and a low-paying job. Social media users share similar experiences. The once-promising US job market is becoming increasingly challenging for foreign graduates.
30 regional rural banks get education loan cover
This will help widen the availability of education loans for students. Around 30 regional rural banks (RRBs) will now have the credit shield from the Credit Guarantee Fund Scheme for Education Loans
Education loan defaults soar 47% on weak job market
The problem is so acute for at least five lenders that the stock of bad loans has more than doubled, with UCO Bank and Indian Bank leading the pack.
OBC cuts interest rate on education loans by up to 1 per cent
State-owned Oriental Bank of Commerce (OBC) has reduced interest rate on education loans by up to 1 per cent on education loans above Rs 7.5 lakh.
Education loan for Australia: A comprehensive guide
With over 800,000 admission applications received yearly, Australian universities have witnessed an annual increase of approximately 4-5% in enrollments. However, pursuing education in Australia often necessitates students to seek educational loans to support their studies. This article will delve into the process of obtaining student loans, eligibility criteria, documentation and more.
Factors to consider before taking an education loan
Many students believe that a default in the case of an education loan goes undetected. However, with the presence of credit bureaus, the repayment history can be easily tracked.
Guide for parents taking education loan for kids
You should keep a separate education corpus and start early so that the power of compounding can work. But if you fall short, an education loan can bridge the gap. Here’s what you need to know.
Restructured education loans not to be treated as NPAs: RBI
The RBI's response was on a clarification sought by the IBA whether the education loans with extended repayment period be treated as restructured loans.
Education loan for study abroad: Think of tax advantages, repayment ability and job prospects
Currently, Indian banks are wary of foreign education loans due to stringent US education policies and global economic factors. However, despite a decrease in students studying abroad, education loan portfolios in the country are steadily growing. Experts advise careful consideration of ROI and repayment capability before taking a loan. Secured loans are preferable over unsecured ones for larger amounts due to lower interest rates.
Banks switch to 'safe' vocational courses as educational loan NPAs rise
Facing rising bad loans in high value education loans, banks have geared up to finance vocational courses as part of govt's skill development agenda.
Finance ministry wants guarantee trust for education loans
The finance ministry is talking to banks to set up a credit guarantee trust for education loans up to Rs 7.5 lakh, a senior ministry official said.
Education loans likely to be capped at 2% above base rate
The government plans to cap the spread on student education loans, crimping banks’ profitability that may force some to reduce lending, said a person familiar with the development.
How education loans help boost your career
Education loans are important for career growth. They help students access higher education and prestigious institutions. These loans offer the freedom to choose desired courses. They reduce financial pressure during studies. Loans support skill development and internships. Students can build a credit profile early. Flexible repayment options are available after graduation. Education loans also fund higher studies and international opportunities.
Education loans may come with insurance
The Indian Banks' Association (IBA) has put together a model education loan scheme that entails a higher quantum of loan. Even as the scheme becomes more expensive, lending standards will become tighter for loans for overseas education.
No collaterals needed for education loans: Govt
The government was committed to ensure smooth flow of education loans for students.
Security cover for education loans soon
Getting an education loan may become easier. The government plans to cushion public sector banks against any default on education loans, the primary reason why PSBs are often reluctant to give out such loans that does not have enough guarantee.
DHFL to foray into education loan business
Dewan Housing Finance Ltd, (DHFL), which is primarily into home loan business, has decided to foray in education loan business.
Is prepaying education loan the right decision?
The decision to prepay the loan must be based on factors that determine your income's best use. Do it if it enhances your financial well-being.
Congress manifesto promises to write off all student education loans
Congress unveiled its manifesto for the 2024 Lok Sabha elections, promising to write off all outstanding student education loans due to widespread unemployment. However, while pledging to compensate banks, the manifesto lacks clarity on funding sources. Meanwhile, RBI data shows a 17% surge in education loans in FY 2022-23 after years of stagnation, driven by demand for overseas education. The pandemic's impact led Congress to propose relief measures for exam takers and eliminate government exam fees.
Education loan demand hits new high despite pandemic
Education loan companies – which include banks and non-bank lenders - have disbursed Rs 11,000 crore loans in the 12 months through September 2020, according to data from CRIF High Mark, a credit bureau.
What happens to education loan of students who have fled Ukraine
Here is what students and parents need to know about how to deal with the education loan taken to fund studies in Ukraine and what they can do to manage the adverse financial impact of the Ukraine-Russia crisis.
RBI to banks: Do not reject any educational loan application
The Reserve Bank today asked banks not to reject any educational loan application even if the residence of the borrower does not fall under their service area.
Banks may base education loans on placement track
Faced with rising bad debts in their education loan portfolios that are not backed by collateral, banks are looking at the placement record of institutes to judge the repayment capacity of students seeking loans.
SBI planning to cut interest rate on education loans
Banking major SBI today hinted at a possible cut in lending rates in the education loan segment, though it is is unlikely to reduce its base rate for now.
State Bank of India drops educational loan rates
SBI has lowered interest rates on education loans by 25-100 bps, a move aimed at attracting students to bank with SBI at an early age.
Education loans the newest asset class in securitisation mart
Banks dominate the education loan segment as it is eligible for priority sector lending, NBFC's have also been steadily scaling up.