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Mar 25, 2015 04:24 PM ISTIf 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.
Mar 20, 2015 06:03 PM IST 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.
Mar 10, 2015 09:23 AM IST Not all courses are approved by authorities and hence may not be funded with an education loan. Loan against property can come to rescue in such a situation
Feb 24, 2015 04:41 PM IST Finance Minister paid utmost attention to the demands of the students and introduced new opportunities to them.
Nov 04, 2014 02:44 PM IST With education prices escalating with each year, many parents have been exploring the educational loan tool to make sure their children get the best and their financial status does not bring any hindrance to their goals.
Oct 27, 2014 05:19 PM IST Impulse purchase can be classified as an unplanned expenditure. Research states that feelings and emotions play a very important role in case of an impulse purchase, which gets triggered on seeing a promotional ad, offer etc.
Oct 27, 2014 03:29 PM IST Section 80E allows the entire interest paid on education loan as deduction from the assessment year relevant to the previous year in which the assessee begins paying interest and seven subsequent years.
Jul 05, 2013 04:30 PM IST Rajiv Raj of creditvidya.com stresses on the need to pay heed to the importance of education loan. He discusses on how efficiently should one manage this loan to maintain a good CIBIL credit score.
May 10, 2013 03:53 PM IST Pankaj Mathpal of Optima Money Managers suggests that education loan should be taken in the name of student. So that student can claim the benefit under Section 80E.
Feb 07, 2013 06:15 PM IST Mortgage financier Dewan Housing Finance Ltd (DHFL) today entered the fast-growing education loan segment where it aims to have a portfolio of Rs 200 crore in the first year of operation.
Nov 30, 2012 07:27 PM IST State-run Union Bank of India today reduced education loan rates by up to 2 per cent, and a category of home loans by 0.25 per cent, as the focus of the banking industry shifts to retail borrowers.
Nov 15, 2012 03:24 PM IST In an interview to CNBC-TV18, Anil Rego of Right Horizons talked about what is the best way for students to avail an education loan. He also gave some options on how one can apply for educational loan if they don‘t have any residence proof.
Jul 30, 2012 12:43 PM IST Mr. Niddhikrishnan Iyer (name changed) was elated to know that his son could manage to pass one of the toughest examinations of a management entrance test.
Dec 01, 2011 03:02 PM IST Now when the cost of education is only moving upwards, it is constantly worrying those parents who want their children to pursue higher education. To finance the high priced higher education is a matter of concern for all such parents.
Nov 21, 2011 11:24 AM IST The parents of this generation are more aware of the financial implication of providing world class education to their children. Often, parents’ dream of sending their children abroad for their Graduation / post graduation; the quality of education and consequent prospects of superior employment opportunities being the prime drivers.
Mar 14, 2011 02:45 PM IST Exam season is at its feverish pitch. Like every year, lakhs of students in India are appearing in these exams to undertake higher education in their dream institution.
Feb 16, 2011 05:35 PM IST Being a financial planner, talking about money, dreams, goals and needs have become a part of my day to day life. Every minute we work, that’s all we talk about: how to make most of your money, to get the maximum return on investments, how to fulfill your goals etc.
Feb 10, 2011 06:43 PM IST The Union Budget has always been at the centre of attraction in the month of February every year looking at the importance it holds for households, companies, investors, FIIs and for many other stakeholders.
