Page 2 - Education Loans

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

Stringent rules for education loans turn parents towards gold loans

The recent surge in gold prices has made the yellow metal shinier as it fetches more funds for borrowers. Significantly, gold prices shot to Rs 60,000 per 10 grams from about Rs 50,000 a year ago

IMF likely to have erred on India's growth forecast, says RBI paper

Some recent moderation in credit growth; delinquencies reducing except in credit cards, study loans

NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL

The education loans by NBFCs would grow moderately but still be healthy as compared with the previous fiscal year, CRISIL said

A snapshot of education loan rates offered by various banks with details

Here is how the education loan rates offered by various banks stack up

High NPAs in education loan segment turn banks cautious, says PSB official

High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of the current financial year. Outstanding education loans were about Rs 80,000 crore at June-end. Cautious approach is adopted at the end of branches while sanctioning education loans due to high NPAs, a senior public sector bank official said. As a result some genuine cases are overlooked and there are delays, the official said. Recently, the finance ministry had called a meeting of PSBs to take stock of the education loan portfolio and cut down on delay. The ministry exhorted banks to spread awareness about the Central Sector Interest Subsidy Scheme among field formations. The sharp increase in non-performing assets (NPA) in education loans extended by commercial banks in India in recent years is a matte

Education loan redesign may overcome banks' reluctance to disburse more

Of the Rs 35 trillion of retaill loans deployed by banks, just Rs 84,375 crore or 2.4 per cent went towards education loans

The approach to underwriting education loans is now more student centric”

Private-sector lenders specialising in education loans focus on many criteria like the student's academic record, the course, university and country she's going to

Parents' income, child's record count in getting education loan: Experts

Students joining a professional course at a top-notch college will find it easier to get approval

Explained: What is a credit score, why is it important & how to improve it

A credit score is among the first things a financial institution would check in order to sanction a loan

Studying abroad? How to choose the right lender type for an education loan

There are several other factors to consider apart from the interest rate, such as moratorium, collateral and quantum of assistance

Education platform MPOWER Financing raises $100 mn to support study abroad

The funding will fuel the company's mission to make North American education accessible to students from around the world

Need an overseas study loan? It is easier to get one from a global lender

The hitch is that they are in foreign currency and carry an exchange risk in case you want to work in India

NBFC or FinTech? Things to keep in mind while opting for education loan

Finding it difficult to get an education loan? What are better terms for taking education loan: Govt banks or NBFCs or FinTech? In this podcast, we answer these and more