Education Loans

When borrowing makes sense and when it does not: A guide to consider

Consider what you are borrowing for, how much it will cost, how it fits into your current life

Edtech unicorn PhysicsWallah ties up with NBFCs for student lending

The ed-tech firm has reversed its earlier plan to lend through subsidiary FinZ Finance, opting instead to connect students with regulated third-party NBFCs

PhysicsWallah to exit student financing biz, ties up with NBFCs instead

Edtech firm PhysicsWallah on Thursday said it plans to exit from the business of direct financing for students and instead partner with NBFCs for education loans. The move comes after a recent announcement wherein the company said it will invest Rs 120 crore through an equity-infusion in its fully-owned subsidiary FinZ Finance Private Limited. "Physicswallah Limited wishes to inform the exchanges that it is restructuring its lending strategy and has tied up with multiple leading regulated third-party NBFCs to enable student lending needs. This decision reverses the company's earlier approach and is intended to materially reduce balance sheet and credit related risks for the company," the company said. PW said strategic direction for FinZ Finance will be decided in the near future subject to the board and other regulatory approvals. "We received feedback from our partners that our core strength lies in building communities and our online business. Our lending business is best left t

How to pick a study-abroad loan amid weak rupee, tougher work visa regime

Taking a rupee loan and deciding a loan amount based on conservative estimates of earnings prospects should keep you safe

Edtech firm PhysicsWallah to invest ₹120 crore in NBFC arm FinZ Finance

PhysicsWallah steps deeper into fintech with a ₹120 crore infusion into its NBFC arm FinZ Finance, expanding student-focused lending within its education ecosystem

Thinking of studying abroad? Here's how foreign education loans & EMIs work

Experts explain approval rules, repayment maths, hidden overseas lenders may impose

Bihar CM announces interest-free education loans for Class 12 pass students

The Bihar government on Tuesday announced that interest-free loans will be provided to students who passed the class 12 board examinations under the Student Credit Card Scheme to help them pursue higher education. Earlier, education loans of up to Rs 4 lakh were provided at an interest rate of 4 per cent to general male applicants, and 1 per cent to female, differently-abled, and transgender applicants. "Now, the loan will be interest-free for all applicants," Chief Minister Nitish Kumar said in a post on X. The Bihar Student Credit Card Scheme has been in effect since October 2, 2016. Kumar said the provision for repaying a loan of up to Rs 2 lakh in 60 monthly instalments has now been extended to a maximum of 84 monthly instalments. "For loans above Rs 2 lakh, the repayment period has been extended from 84 monthly instalments to a maximum of 120 monthly instalments," he said. Kumar said the objective of his government is to ensure that students can pursue higher education. He

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