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Avanse Education Loans forays into institutional lending

Mumbai, September 1, 2014: Avanse Education Loans (Avanse) , a new age education finance company, has announced its foray into lending for educational institutions, towards fulfilling their expansion and growth plans. In addition to providing education loans to students to pursue their career aspirations, the company now also funds educational institutions such as universities, colleges, schools, pre-school, coaching classes amongst others for expansion.  Mr Neeraj Saxena , CEO, Avanse Education Loans, said, “I am pleased that in addition to providing financial access to...

Student education loans get big boost this year

Several students who had taken student loans had heaved a sigh of relief after finance minister P Chidambaram announced a moratorium period for all education loans. The loans taken up to March 31, 2009, and outstanding as of March 31, 2013 were eligible for the moratorium and nearly nine lakh borrowers stand to benefit from the decision. It was reported that higher education courses, especially those for professional training or in foreign colleges tend to come with a heavy expenditure on fees and travel. In such cases, taking an education loan may be a good option. Education loan...

Students blame slow job market for education loan defaults

The number of student defaulting on the repayment of education loans has been on the rise in the last few years and all this is thanks to the slow job market if the students are to go by. It was reported that several students have defaulted on educational loans. Defaults have risen to 7%-8% of the total outstanding from nearly 5% a year ago. It was reported that as per industry estimates, gross NPAs (non performing assets) or bad loans of some nationalized banks and smaller private banks are as high as 7% to 8%. It was mentioned that Indian Bank's portfolio shows that 5% of its...

Avanse signs student financing partnership deal with Frankfurt School of Finance & Management

Avanse Education Loans (Avanse) , a new age education finance company, today announced its association with the Frankfurt School of Finance and Management , a leading business school based in Frankfurt Main, Germany. This association helps those Indian students aspiring to pursue advanced education in the Frankfurt School get financial access to their choice of courses. It is significant to note that Avanse provides 100% funding for students, considering that the cost of education at Frankfurt ranges from Rs 30 Lakh (31,500 Euros) to Rs 72 Lakh (44,550 Euros) in addition to living...

Plunging rupee compels Indian students abroad to work longer

Indian students currently pursuing their higher education abroad have been compelled to work longer hours in order to handle the crisis brought about by a plunging rupee against the dollar and pound in a major way. Many students have cancelled travel and other plans to be able to work extra hours to pay higher fees, in accordance with the labor laws of the countries. Students usually get education loans sanctioned six months before their program starts. Hence, a second-year student pursuing Master of Business Administration (MBA) would have received the loan amount at the beginning of...

Depreciating rupee pushes students to reschedule study loans

Students aspiring for overseas higher education have started scouting for top-ups or re-scheduling of loans to handle the crisis brought about by a plunging rupee against the dollar and pound in a major way. With the rupee nose-diving and job opportunities as well as salaries shrinking, the Indian borrower will face a daunting task to repay bank loans after meeting living expenses. The rupee has devalued by 20% in the last 2 months. Students pursuing studies in Unites States (US), Europe or other destinations are in distress since the rupee fell further from the time they gained admission...

Banks mulling over extending education loan repayment period

Many banks in India are mulling over extending repayment period of education loans which were taken by students to fund their higher education overseas, in the face of rupee plunging against pound and dollar in a major way. As per officials of India Bank, the change might lead to a lowering of equated monthly installments (EMIs). As per State Bank of Hyderabad officials, the bank is contemplating extension of foreign higher education loan repayment period from the current seven years to ten years. The bank will also explore all avenues of restructuring the loans, bank officials added. ...

Credila Education Loan

Credila- an HDFC Ltd. Company is India's 1st education loan specialist. The company offers benefits that are unique and exclusive. Credila provides you with an education loan with Ease, Convenience and Speed. Thousands of students in over 1800 Institutes across 33 countries have made the 'Smart' choice of choosing Credila for their education Loan. Benefits of Credila education loan Get tax benefits under Section 80(E) of Income Tax Act of India Education Loan Home Delivered! Flexible choices of repayment terms Loan up to 100% of educational expenses. No margin...

Avanse Education Loan

Avanse  is a new age education finance company. It provides 100% finance for all courses and is equipped with the fastest loan sanction period of 4*days! The interest rate starts from 12.25*%. You can get pre-approved* education loans even before getting the college admission.      Features of Avanse Education Loan – Covers 100% of course fees and living expenses Available for all courses Hassle-free and transparent process Doorstep service Loan Approval in minimum 7* days Benefits of Avanse Education Loan – ...

Vijaya Bank: Education Loans

Eligibility of Study Loan in Vijaya Bank Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process. Studies in India Graduation Courses: BA, B.Com, B.Sc, etc. Post Graduation courses: Master & Ph.D Professional courses: Engineering, Medical Agriculture, Veterinary, Law, Dental, Management, Computer etc. Computer Certificate Courses of reputed Institutes accredited to Dept., of Electronic or Institutes affiliated to...

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