An Indian student's cheat sheet to bagging education loan
2 years, 3 months ago

An Indian student's cheat sheet to bagging education loan

Live Mint  

Are you one of those students who have just gained admission to a college and are looking for an education loan? Interest rates, collateral Many PSBs offer a range of education loan schemes including those specifically targeted at students who get admissions in prominent MBA, engineering, medical and law colleges. For example, State Bank of India provides loans of up to ₹40 lakh at a floating rate of 7.5%, without collateral to those who make it to its ‘AA’ list of institutes including the IITs, IIMs, XLRI and BITS Pilani under its Scholar Loan scheme. “Private sector banks may be amenable to issue collateral-free education loans, which would make them more expensive," says Adhil Shetty, CEO, Bankbazaar.com. Alternatives to banks If you are unable to get a bank loan, an education loan-focused non-banking finance company is an alternative.

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5 interesting facts that students seeking an education loan must know
1 year, 2 months ago

5 interesting facts that students seeking an education loan must know

Live Mint  

Education loan is a prudent option for students to pursue their academic aspirations independently. Despite a general understanding of the fundamentals of education loans amongst parents and students, some lesser-known facts could significantly impact the financial and educational journey of the aspirants. Delving into five fundamental facts about education loans: Holistic offerings: New-age NBFCs offer comprehensive education loans that provide …

NBFCs’ education loan AUM expected to grow 35-40% in FY23, says Crisil
1 year, 8 months ago

NBFCs’ education loan AUM expected to grow 35-40% in FY23, says Crisil

Live Mint  

New Delhi: Non-banking financial companies' education loan assets under management are likely to grow 35-40% to ₹35,000 crore in the current fiscal, driven by specialized business models and a rise in students studying abroad, according to rating agency Crisil on Thursday. Krishnan Sitaraman, senior director and deputy chief ratings officer at Crisil Ratings, said that swift loan disbursement, adequate risk …

Education Loan: Things To Keep In Mind; Check Details About Vidya Lakshmi Portal
1 year, 11 months ago

Education Loan: Things To Keep In Mind; Check Details About Vidya Lakshmi Portal

News 18  

Pursuing higher education is a well-planned life event for many students and for their parents. As per govt’s ‘Model Education Loan Scheme’ one year moratorium is provided for repayment after completion of studies in India or abroad. Loan margin– Also known as margin money, it is the portion of the total cost that is the student’s own contribution while availing …

Digital lending in the education sector: How financial barriers are fading
2 years, 3 months ago

Digital lending in the education sector: How financial barriers are fading

Firstpost  

Based on the creditworthiness and requirements of the students, companies today provide a wide range of loan offers that can cover up to 100 per cent of the finance requirements In a country of nearly 1.3 billion people with a significant young population, financial barriers mustn’t affect the hope of pursuing higher education. In fact, the education loan approval rate …

Education Loan for Higher Studies in India, Abroad: Know Eligibility, Documents Needed
3 years, 4 months ago

Education Loan for Higher Studies in India, Abroad: Know Eligibility, Documents Needed

News 18  

Education loan play a vital role in the development of one’s career. For those aspiring learners who want to expand their horizons and study abroad, the education loan acts as an ideal bridge. The lender will look at the placement rates for students from that course, the job prospects and the overall value that course has before they even consider …

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