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
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
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
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
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
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
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
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.
Key policy reforms and sound policy initiatives to stimulate growth and sector-specific reforms for the education sector are in anticipation
"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.
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.
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.
Here's a letter to the Finance Minister Pranab Mukherjee from a student who did not like the budget.
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.