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NEW DELHI: The government has made it mandatory for banks to sanction education loans only though online process and asked them not to consider any application submitted in the physical form, so that the education loan disbursement process becomes transparent and more efficient. “The Department of Financial Services...
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February 10, 2018 Loknath Das
Education Loans
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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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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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A good solid education is a stepping stone to a successful professional life. While most parents strive to provide their children with the best education they can, lack of finances often act as a hindrance to academic aspirations. Today, the rising cost of education has made most students...
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November 6, 2017 Loknath Das
Education Loans
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The UK government’s decision to increase the loan repayment threshold for graduates of English universities is a “significant giveaway” that will cost taxpayers more than £2.3 billion a year in the long run, a new analysis has estimated. According to the Institute for Fiscal Studies, the raising of the salary...
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October 3, 2017 Loknath Das
Education Loans
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