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Most scheduled commercial banks offer loan of up to Rs 40 lakh for overseas education. If your savings fall short of what you need for your child’s college education abroad, you can take an education loan to meet the gap. Education loans have tax benefits and are a better option over dipping...
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September 10, 2018 Loknath Das
Education Loans
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NPAs jump by Rs 600 crore, outstanding loans up by just Rs 21 crore: RBI’s RTI reply Rising defaults have forced banks to go slow in disbursing education loans. Banks have reported a flat growth of 0.02 per cent, or just Rs 21 crore, at Rs 72,839 crore...
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September 10, 2018 Loknath Das
Education Loans
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Image used for representational purpose only. NEW DELHI: Ramesh Singh borrowed more than Rs 7 lakh as an education loan to study in a private engineering college in the NCR area. However, he could not get a job during the campus placement, and even after more than a...
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September 10, 2018 Loknath Das
Education Loans
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Graduates with student loans in England are saddled with up to £16,000 more debt because of the government’s use of an unreliable inflation measure to set interest rates, according to research from the House of Commons library. The analysis, provided to Labour’s shadow Treasury team, shows that the...
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June 30, 2018 Loknath Das
Education Loans
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Thinkstock Adityendra Suman, 29, a Mumbai-based senior consultant at Dalberg, global development advisors, graduated from the Indian School of Business (ISB), Hyderabad, in 2016. He had taken a Rs23 lakh education loan from the Union Bank of India at 8.5% interest rate for a 15-year tenure, while the...
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May 21, 2018 Loknath Das
Education Loans
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No collateral security or third party guarantee is required for loans under Rs. 7.5 lakh. State Bank Of India (SBI) offers various kinds of education loans. Education loan is a term loan granted to Indian nationals for pursuing higher education in India or abroad where admission has been secured, according to country...
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May 21, 2018 Loknath Das
Education Loans
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