Education Loan

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Education Loan - Total results - 15
New crop of lending startups push boundaries in education-loan business
News & Analysis

New crop of lending startups push boundaries in education-loan business

Data science, aptitude test, job prospects, lending startups are taking innovative steps to screen borrowers.

SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suit
Business

SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suit

Recently, SBI reduced MCLR by 15 bps due to which overall home loan interest rate is now reduced by 35 bps since April 2019.

Miserly income-tax benefits for education have dented middle class’ passport to prosperity; Budget 2019 should address lacuna
Business

Miserly income-tax benefits for education have dented middle class’ passport to prosperity; Budget 2019 should address lacuna

Section 80C allows tuition fees paid for two children of the taxpayer, whether to a school or college so long as it is in India. But this section is not education-specific

Unsecured bank loans rose four-fold between FY15 & FY18 on higher discretionary spending, lower interest rates: Crisil
Business

Unsecured bank loans rose four-fold between FY15 & FY18 on higher discretionary spending, lower interest rates: Crisil

Unsecured loans are the loans where individual exposures are smaller and more distributed and given without any collaterals but banks get higher margins. Typically personal loan, education loans and credit card spend fall under this category of loans

As financial year end approaches, here's how to smartly save your tax by planning ahead
Business

As financial year end approaches, here's how to smartly save your tax by planning ahead

With the dust finally settled on the ‘populist’ budget announcement, investors can now devise strategies and discover avenues to prudently plan to save tax for the remainder of the current financial year and the next financial year as wel

Budget 2018: More funds for education can boost quality of teaching, fill up vacancies in varsities
Business

Budget 2018: More funds for education can boost quality of teaching, fill up vacancies in varsities

The establishment of private universities and colleges is viewed as a profitable venture; and, proliferation of such institutions tends to promote commercialisation of education.

Jammu and Kashmir government announces interest subvention on education loans for youths until course completion
India

Jammu and Kashmir government announces interest subvention on education loans for youths until course completion

Reaching out to youth of Jammu and Kashmir, the Mehbooba Mufti government on Thursday announced educational loan facility from banks with interest subvention on repayments till completion of course

Admission season special: A students' guide on how to get an education loan
Business

Admission season special: A students' guide on how to get an education loan

The same engineering and medical degrees, which used to cost you Rs 2-3 lakh per semester earlier, now cost Rs 4-5 lakh. MBA costs more than Rs 25 lakh in premium colleges.

Budget 2015: A 6-point agenda for Modi to make education accessible and affordable
Business

Budget 2015: A 6-point agenda for Modi to make education accessible and affordable

Key policy reforms and sound policy initiatives to stimulate growth and sector-specific reforms for the education sector are in anticipation

Here's how banks can goof up with your education loan
Investing

Here's how banks can goof up with your education loan

"Education is the most powerful weapon which you can use to change the world," Nelson Mandela once said. But more often that not, good education comes with a high cost, especially if it is higher education.

FYI: Education loan gives you a tax deduction for eight years
Investing

FYI: Education loan gives you a tax deduction for eight years

If you've taken an education loan, you have reasons to cheer because you get double benefit from it. On the one hand, it gives you or your child a chance for good education and on the other it offers a tax benefit.

Chidambaram asks banks to give more education loans
Economy

Chidambaram asks banks to give more education loans

Around 24 lakh students took loans for education with banks having an outstanding amount of Rs 52,000 crore, Union Finance Minister P Chidambaram said today, as he asked banks to lend more money for this purpose.

Why I didn't like the budget: A student's view of Budget 2012
India

Why I didn't like the budget: A student's view of Budget 2012

Here's a letter to the Finance Minister Pranab Mukherjee from a student who did not like the budget.

Students cheer! SBI planning to cut interest rate on education loans
Economy

Students cheer! SBI planning to cut interest rate on education loans

SBI today hinted at a possible cut in lending rates in the education loan segment, though it is is unlikely to reduce its base rate for now.