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  • Union Bank, Central Bank and Bank of Baroda offer the lowest rates on educations loans Nov 19, 2020 11:03 AM IST

    Union Bank, Central Bank and Bank of Baroda offer the lowest rates on educations loans

    Education loan rates start from 6.8 percent. SBI and Punjab National Bank charge marginally higher rates

  • Want a loan for online coaching or certification classes? Be ready to pay higher interest Nov 17, 2020 09:48 AM IST

    Want a loan for online coaching or certification classes? Be ready to pay higher interest

    You can get education loans for regular courses that are offered online temporarily due to the pandemic. But for online classes offered by start-ups, you may need to borrow at personal loan rates

  • Here are 10 banks offering the cheapest education loans Oct 15, 2020 11:18 AM IST

    Here are 10 banks offering the cheapest education loans

    Public sector banks offer education loans at a cheaper rate than private sector ones. Check the processing charges when availing an education loan

  • Banks that offer the lowest rates on education loans Sep 17, 2020 11:05 AM IST

    Banks that offer the lowest rates on education loans

    Public sector banks’ education loans are among the cheapest

  • Graduating amidst the COVID-19 pandemic? Money tips to wade through a tough job market Apr 10, 2020 08:48 AM IST

    Graduating amidst the COVID-19 pandemic? Money tips to wade through a tough job market

    If you already have a job offer, but the company wants to re-negotiate, take it

  • Avoid fintech education loans, as banks charge less and offer better terms Nov 27, 2019 12:58 PM IST

    Avoid fintech education loans, as banks charge less and offer better terms

    Fintech start-ups charge higher interest than banks. Also, these education loans from banks are eligible for tax benefit.  

  • Nearly 9% of education loans by PSBs turned bad in FY'18 Jan 04, 2019 04:20 PM IST

    Nearly 9% of education loans by PSBs turned bad in FY'18

    As of March 31, 2015, education sector bad loans stood at 5.7 percent, the minister said citing IBA data.

  • Top 5 must-knows for education loan tax deduction Nov 05, 2018 10:47 AM IST

    Top 5 must-knows for education loan tax deduction

    Tax deduction under Section 80E is only available for loans taken for pursuing higher education

  • Bank or NBFC - which one should you choose for an education loan? Sep 19, 2018 08:18 AM IST

    Bank or NBFC - which one should you choose for an education loan?

    People usually explore banks for an education loan, but the rising non-performing assets (NPAs) in this segment have made banks wary.

  • Average size of education loans up 47% in FY18 despite fall in students seeking assistance Jul 06, 2018 12:06 PM IST

    Average size of education loans up 47% in FY18 despite fall in students seeking assistance

    The average amount disbursed to an applicant climbed to Rs 9.6 lakh this year from Rs 6.8 lakh last year.

  • Despite 21% jump in NPAs in FY17, lenders lap up edu loans Jul 23, 2017 02:50 PM IST

    Despite 21% jump in NPAs in FY17, lenders lap up edu loans

    Despite increasing number of students not paying back their loans spiking NPAs to over 10 percent, lending continues for higher education with the disbursals topping Rs 20,000 crore in fiscal 2017, according to a report.

  • DHFL eyes 35% growth in education loan book at Rs 1,200 crore Mar 09, 2017 08:08 PM IST

    DHFL eyes 35% growth in education loan book at Rs 1,200 crore

    "Our portfolio stands at over Rs 900 crore and we are looking at a growth of 35 per cent next year," a company spokesperson told PTI today.

  • Budget 2017: Uniform taxation is a must for products used to plan retirement Jan 23, 2017 01:36 PM IST

    Budget 2017: Uniform taxation is a must for products used to plan retirement

    Finance minister should listen to various demands of the tax payer and offer increased tax sops.

  • How to make the most of the tax benefits available with loans Dec 28, 2016 05:30 PM IST

    How to make the most of the tax benefits available with loans

    Education loan and home loan come with income tax benefit. Here are the rules that govern the tax benefits.

  • How to make the most of your property with a LAP Mar 14, 2016 04:03 PM IST

    How to make the most of your property with a LAP

    Loan against property can help you unlock the hidden value of your property by granting access to cheap and long term source of fund raising.

  • Five things about credit you must teach your kids! Feb 12, 2016 03:33 PM IST

    Five things about credit you must teach your kids!

    Handling credit is a task for many adults. It is better to educate kids so that they can handle credit better in their life.

  • The finer points of the deduction on educational loans Dec 29, 2015 08:11 PM IST

    The finer points of the deduction on educational loans

    Education loans come with tax benefits. However, one should be careful while ascertaining the quantum of benefit and the conditions that apply.

  • Microfinance Firm Grameen Koota Slashes Interest Rates Oct 15, 2015 11:00 AM IST

    Microfinance Firm Grameen Koota Slashes Interest Rates

    Bangalore-based NBFC-MFI Grameen Koota Financial Services Pvt Limited (Grameen Koota) on Thursday, slashed interest rate by 200 basis points (2 ...

  • How to avail multiple education loans with the same form? Sep 21, 2015 02:57 PM IST

    How to avail multiple education loans with the same form?

    Applying for an education loan is a cumbersome process, as banks have been too stringent with education loan applications. However, Vidyalakshmi helps in applying to three banks for education loan using one form.

  • Whom to approach for an education loan: Bank or NBFC? Sep 11, 2015 06:15 PM IST

    Whom to approach for an education loan: Bank or NBFC?

    Conservative approach surely favours banks when it comes to education loan. However, there will be some situations wherein the NBFC can be a better option to raise an education loan.

  • 4 personal finance questions college students must answer Jul 22, 2015 06:00 PM IST

    4 personal finance questions college students must answer

    For some college education may mean education loan. However, if one plans his college days well, he can put in place a solid foundation for his money matters

  • Education loan or top-up loan: A toss-up May 15, 2015 12:43 PM IST

    Education loan or top-up loan: A toss-up

    Education loans do offer tax benefits and easy repayment norms, however they come with some limitations where a top-up loan scores.

  • 5 point must take crash course on money if you are in 20s Apr 13, 2015 03:25 PM IST

    5 point must take crash course on money if you are in 20s

    If you have not crossed thirty, then you are in the early years of your career. You can buy insurance cheap, benefit from long term investing and go for home loans to buy a house of your choice.

  • Why you should not forget repaying your education loan Mar 25, 2015 04:24 PM IST

    Why you should not forget repaying your education loan

    If you do not pay your education loan on time, your credit score goes down. You are recorded as a defaulter as a result of which you are not eligible for a loan in future.

  • Short of funds for higher education? Take education loan Mar 20, 2015 06:03 PM IST

    Short of funds for higher education? Take education loan

    The education loans can fund your higher education. The process is simple and if followed can offer you access to funds to pay your fees and other expenses. One must pay off his education loan to remain creditworthy.

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