“I am sorry. The rate of interest has been increased, so you have to pay a higher EMI”, the disinterested branch manager of the NBFC told a student who had taken an education loan in Fall 2017.  This was the third time in the last two years that the NBFCs had increased the rate of interest on education loans, totaling up to a hike of 3% (12% became 15% in a matter of 2 years). The above is a...  Read more

When the 2018 financial year came to a close, the portfolio size of study loan disbursals touched INR 82,600 Crore, climbing 9.25% in twelve months! The average loan amount disbursement to a student went from INR 6.8 Lakh to INR 9.6 Lakh at the same time.  These figures have risen even further this year. But is the education loan disbursement process as easy as it appears from these...  Read more

We invite all our customers to a short interview, and a few of them are kind enough to oblige. This is Tenth in the series of such interviews. Q. What were you doing before you decided to study abroad? Ans. I did my undergrad from the National Institute of Technology, Nagpur. Then I started working in Tata Consultancy Services in Mumbai, I worked there for 4 years, then I decided I...  Read more