Tag: education loans

Students enrolling at Massachusetts Institute of Technology, Imperial College London, University of Oxford, Harvard University and University of Cambridge can access collateral-free loans up to the new limit, the bank’s website showed. Though SBI has not announced the higher loan limit and did not respond to an emailed query, consultants working with the bank said the cap was raised in November-December. The cost of studying abroad can cross ₹1 crore in tuition fees and accommodation expenses. Given that more Indians head out to foreign colleges every year, other lenders too are expected to follow suit, non-banking financial companies (NBFCs) and sector ... Read more

NBFC Loans Empower Students to Excel in Coaching and Higher Education Unlocking Education: NBFC Loans Empower Students to Excel in Coaching and Higher Education In a groundbreaking development, education-focused non-banking financial companies (NBFCs) are playing a pivotal role in shaping the future of students across India. With the rising demand for quality education and specialized coaching, these NBFCs are stepping up to provide financial support, enabling students to access prestigious institutions and advanced training programs. The Surge in NBFC Education Loans NBFCs have witnessed a significant surge in the demand for NBFC Loans , particularly for coaching centers and higher ... Read more

MUMBAI : It has been a tepid student placements season so far at India’s engineering colleges, and a similar lull is expected in business schools, particularly in the small cities. But for some, there’s a bigger worry: without a job straight out of college, or jobs at lower salaries than expected, students who’ve borrowed lakhs of rupees to fund their expensive education might struggle to repay. While banks and non-banks—the ones who should be concerned—do not seem perturbed, faculty members Mint spoke with fear that the number of students defaulting on their loans could rise on the back of an ... Read more