Education Loans

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”

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

How much corpus will you need for higher education? Expert answers

It depend on how much will you be able to accumulate

Banks continue to see drop in small study loans, but high-value ones rise

Experts also mentioned that the data suggests that the poorer sections of society could be borrowing less due to their weak ability to service loans

Planning to take an education loan? Here're the rates offered by banks

Defaulting on education loan can prove catastrophic

Education loans: What is a moratorium period and what makes is so useful?

When taking a loan, it is important to look at various factors, and not just the interest rate

Planning to study abroad? Here are details of education loans by top banks

Here's how the education fees and terms of top banks

Education loans need to be regulated

Public sector banks are major players in this market. There are also specialised companies like Credila and Avanse