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To raise SBI’s education loan, tangible collateral security can be given as security HIGHLIGHTS SBI allows a minimum education loan amount of Rs. 20 lakh The loan is sanctioned prior to the sanctioning of visa The processing fee is Rs. 10,000 per applicant State Bank of India (SBI) has a profoundly alluring...
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December 11, 2017 Loknath Das
Education Loans
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Gaurav Aggarwal With the rising cost of education, taking a loan to fund higher studies has gained immense popularity. Here, students and their parents have two distinct choices – availing an education loan or a personal loan. Let’s weigh the two and discuss the parameters that should help...
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December 11, 2017 Loknath Das
Education Loans
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The fund will cater to schemes such as interest subsidy on education loans, education credit guarantee fund, scholarship schemes, girls’ education schemes and a scheme that funds higher education in states. Photo: Nayan Shah/Mint New Delhi: The Union cabinet on Wednesday approved the creation of a non-lapsible corpus fund...
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November 10, 2017 Loknath Das
Education Loans
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A few months ago, I listened in horror about parents who sold the house they live in to be able to afford an overseas college education for their child. They now live on rent. Sending children overseas for higher education has become part of dinner conversations among adults...
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November 10, 2017 Loknath Das
Education Loans
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TRICHY: The union ministry of finance refused to exempt education loans from non-performing asset (NPA) citing that Reserve Bank of India is against the exemption for maintaining credit discipline. In a letter to the Union finance minister Arun Jaitley, MP Trichy Siva has urged not to bring education loans under NPA since non-payment...
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November 6, 2017 Loknath Das
Education Loans
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No exemption possible, Finance Ministry tells DMK MP The government has clarified that education loan defaults cannot be kept out of the ambit of credit rating bureaus such as the Credit Information Bureau of India (CIBIL). The government’s response was in reply to a question posed by DMK...
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November 6, 2017 Loknath Das
Education Loans
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