Tag: HDFC Bank
SBI’s move to up collateral-free study loans could push other lenders
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