Education Loans

Education loan growth at NBFCs to slow to 25% in FY26 on US visa curbs

The share of US in overall education loan portfolio has come down to 50% as on March 31, 2025, from a peak of 53% on March 31, 2024, and is expected to go down further over next few years

Budget 2025: How students benefit from lower TCS on foreign remittances

Union Budget 2025 revises TCS rates on foreign remittances, reducing the tax burden on students funding overseas education through loans or personal savings

Taking a loan to study abroad? Be prepared to pay margin money of 10-25%

Those getting admitted to non-STEM courses and lower-grades institutes must be prepared for stringent checks, higher interest rates, and more collateral requirement

How to create a roadmap for funding your child's higher education

Begin with a 100 per cent equity portfolio, which you can reduce gradually as the goal approaches

Edu loan provider Credila Financial Services files IPO papers with Sebi

Education loans-focused lender Credila Financial Services Ltd, formerly known as HDFC Credila Financial Services Ltd, has filed papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). In a public announcement on Friday, Credila said it has "filed pre-draft red herring prospectus with the Sebi and stock exchanges ... in relation to the proposed initial public offering of its equity shares on the main board". This development follows a significant change in the company's ownership during the financial year ended March 31, 2024. A private equity consortium of EQT and ChrysCapital acquired a 90.01 per cent stake in Credila for Rs 9,060 crore, including a fresh equity infusion of Rs 2,003.61 crore. Of this, Rs 700 crore was infused in June 2023 by the erstwhile HDFC Ltd, while the remaining R

Edu loan provider Credila suspects fraud, sets aside Rs 80 cr provision

IPO-bound overseas education loan company Credila suspected fraud during the September quarter

Cabinet approves PM-Vidyalaxmi scheme for students; know all about it

As per the NIRF rankings, students admitted to any of the 860 top-ranking quality higher educational institutions (QHEIs) in India will be eligible for the PM-Vidyalaxmi scheme

PM-Vidyalaxmi scheme approved to provide collateral-free student loans

Cabinet allocates Rs 3,600 crore to the scheme which helps meritorious students from economically disadvantaged backgrounds pursue higher education

Lack funds for education? Here's all you need to know about education loans

Whether it's tuition fees, books, or even a laptop, education loans help cover the costs and make education more affordable

Education loan book of NBFCs to cross Rs 60,000 cr but growth slowing

Lenders have reduced exposure to those studying in Canada to 15 per cent in FY24

HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation

The one-time ex-gratia payment is a way to motivate the young workforce, said HDFC Bank CEO

Uttar Pradesh sees rise in education loans, outstanding amount declines

In UP, the number of digital transactions jumped nearly threefold to 11.74 billion in FY23 from 4.26 billion in FY22

New York medical school to become tuition-free after $1 billion donation

The donation made by former Professor Ruth Gottesman stands as one of the largest charitable contributions to an educational institution in the United States

Germany overtakes Canada as premier study abroad destination: upGrad report

The 2024 Study Abroad Trends Report 3.0 find that study-abroad aspirants prefer countries in the European Union, prioritising education quality, affordability, and job opportunities

Budget 2024: Highlights of education budget under Modi govt since 2014

The National Education Policy, introduced in 2020, states that 6% of the country's GDP should go towards education. Here is a look on how the country has fared in over a decade of education

India-Canada strife unlikely to hit education loans growth: CARE Ratings

CARE Ratings indicated that Indian students in Canada contribute nearly CAD 10 billion annually, a figure projected to rise in the long term

Punjab sees fivefold rise in study loans; statistics indicate exodus

Experts told Mint that the difficult job market in Punjab has led to young individuals seeking opportunities abroad

How to reduce your EMI burden if you have opted for an education loan

By proactively managing your payments, you can ease the financial impact of the loan and potentially save on overall interest expenses

Behind Credila's success on education loan turf

Education finance is a complex and dynamic sector. There are too many variables - the course, the calibre of students, the universities, and the job prospects once the course is over

Educations loans cannot be denied due to low CIBIL score: Kerala HC

Banks are in a bind as Kerala High Court directs them to exercise more compassion with students, as guarantors frequently default on education loan repayments