Education Loans

Avoiding these slip-ups can make your student loan journey a lot smoother.

Bank, NBFC or international lender: Which is best for an overseas education loan?

Explore education loan options, covering benefits, eligibility, and repayment strategies to fund your child's education abroad

Education loans for studying abroad: who offers the cheapest interest rates?

Indian Bank, Union Bank of India and Bank of Baroda offer interest rates between 8.6 and 9.45 percent on an education loan of Rs 50 lakh for a tenure of seven years

Westbridge Capital-backed Kuhoo Finance secures RBI approval for NBFC license

Incorporated in 2021, Kuhoo offers educational loans starting from Rs 50,000 to up to Rs 2 crore for undergraduate and postgraduate courses , including study abroad financing

IPO-bound Credila suspects fraud in loan portfolio, makes Rs 80 crore provision

The suspected fraud cases were detected in the September quarter and are being investigated, the company has said

PM Vidyalaxmi education loans: How the new scheme can help students pursuing higher studies

Under PM Vidyalaxmi, students who secure admission in the top 860 quality higher educational institutions can avail of education loans on concessional terms, including interest subvention. The scheme will benefit over 22 lakh students every year, according to government estimates.

Banking Central | Student loan burns a hole in banks’ books. But that isn't a surprise

The share of NPA in education personal loans stood at 3.6 percent in the overall personal loans bucket, compared with 1.8 percent in credit cards, 1.3 percent in auto loans, and 1.1 percent in housing loans

Education loans for overseas studies: Indian Bank, Union Bank and Bank of Baroda offer the cheapest interest rates

Indian Bank, Bank of Baroda, ICICI Bank and Canara Bank offer interest rates between 8.6 and 10.85 percent on an education loan of Rs 50 lakh for a tenure of seven years.

Studying abroad? Beyond college fees, here are 5 additional costs you should budget for

While planning and budgeting for studies in a foreign country, it's crucial to factor in a range of expenses beyond your course fee. Read on to find out what they are.

Education loans: Union Bank, SBI amongst banks that offer the cheapest interest rates

Union Bank of India, State Bank of India, Bank of Baroda, and ICICI Bank offer interest rates between 8.1 and 10.25 percent on an education loan of Rs 20 lakh for a tenure of seven years.

Banking Central | Banks fret over surge in education loans and rising layoffs

Education loans are typically considered low-risk loans by banks. But things can change during an economic downturn when job losses and hiring cuts happen

Indian banks turn cautious about loans for Canada-bound students

The escalating diplomatic tensions between India and Canada have created uncertainty over travel and visas

Education loan kitty of NBFCs may grow 35-40% to Rs 35,000 crore in FY24: Crisil

NBFCs are likely to benefit from factors such as specialised business models and an increase in the number of students travelling abroad is one of the key factors, said the CRISIL report.

What is causing the sudden surge in banks’ education loan books?

Despite being a problematic area for banks in the past, growth in education loans is picking up pace aggressively. Should lenders be worried?

High NPAs in education loan segment turn banks cautious

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.

How to manage currency fluctuations while studying abroad

The depreciation of the rupee against the dollar increases the cost of education overseas. To counter such situations, banks and experts offer some solutions

Banks that offer the lowest interest rates on education loans

Strap: The ten cheapest education loan offers range from 6.95-8.65 percent, with state-owned majors Central Bank of India, Punjab National Bank and State Bank of India occupying the top three slots.

Ten banks that offer the lowest interest rates on education loans

Ten banks, all state-owned, offer interest rates of 6.75-7.3 percent on education loans of Rs 20 lakh with a seven-year repayment tenure

Going for foreign studies this year? Use your education loan wisely

It is important to analyse the loan features as well as one’s repayment capacity.

How this fintech startup providing education loans navigated COVID-19 crisis

Coronavirus: When banks were worried about defaults after RBI announced a moratorium on loan repayments in 2020, Propelld saw an opportunity for growth by continuing lending.

Banking Central | Education loans grapple with rising bad debt

The feedback from bankers, both at senior level and middle level, is that there is an issue developing at education loans and an eventual asset quality shock is likely.

These 5 banks offer the lowest interest rates on education loans

Loans carry interest rates of 6.75-7.15 percent

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

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

Why have Indian banks stopped lending to students?

The trend of rising bad assets from student debts is not unique to Indian market.

Seeking education loan to study abroad? Here’s what you should know

Education loans can be expensive and hence you should assess your future repayment capacity before signing the deal.