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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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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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Education loans: One need to fill out just one form to apply for loans at any of the banks If you have managed to procure the much sought-after offer letter from any Ivy League University or a top institution in India or abroad, there might be chances that...
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April 13, 2018 Loknath Das
Education Loans
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Its time for the education loans, here’s what you need to know Board exams are coming to an end and a few of you might already be ready to take admissions in your favorite colleges.With the latest cases of paper leak, the country’s future seems to be at...
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April 13, 2018 Loknath Das
Education Loans
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There are some state government schemes that gives education loan up to Rs 4 lakh at a mere one percent interest. Separately, the central government recently has approved an increase in the outlay for making educational loans interest-free for students with modest financial means. While such developments are...
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April 13, 2018 Loknath Das
Education Loans
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