Category: Education Loan

Education loan is one of the most common choices of people who are unable to afford the cost of education. But the rising non-performing assets (NPAs) of the banks signify that many are struggling to repay their education loan. Gross NPAs of banks in education loan segment have risen sharply from 2.4% in March 2011 […]

It is every parent’s dream to give the best education to their child and parents spend 30% of the take home salary for this dream. But high inflation in education is giving parents tough time to achieve this goal. A recent survey done by ASSOCHAM Social Development Foundation –“Rising school expenses irks parents” — highlighted […]

Harmanjit was on top of the world when his student education loan came through. That was 2013, it was the year his dream to pursue a top-notch course at a renowned university had come through! All that stood between him and a promising career ahead was his last leg of education at the university. But […]

An education loan helps stabilize your finances when opting for higher education. Its repayment process is structured differently from other loans, such as a home loan or a personal loan. Banks have a provision of a waiting period (technically known as moratorium) after which you start to pay off the principal and interest amounts of […]