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The benefits of taking an education loan and the need to strike a balance

A student loan would obviate the need to disturb your own investment portfolio and help preserve your financial goals, including retirement plans. Photo: ThinkStock Education is expensive, be it in India or overseas. However, as a parent, you are always in a quandary whether to tap into your savings or avail an education loan. In India, good quality higher education ... Read More »

Banks or NBFCs: Where should you take your education loan from?

Graphic: Mint It is said that education is the biggest wealth that one can accumulate, but getting quality higher education is increasingly becoming expensive. However, people are still going ahead and funding their children’s education, often with the help of education loans. One indicator of higher spends on higher education is the average ticket size of education loans (see graph). ... Read More »

Who can claim tax benefit on interest paid on education loan?

The advantage of an education loan is that if the parent doesn’t have money, the loan can be repaid after the child completes the course and gets a job. Photo: iStockphoto Education costs are spiralling. The fee for a masters or diploma in management from premier institutes can be about ₹ 25 lakh, while many private medical institutes charge about ... Read More »

Use the Internet to Find a Loan for Your New Car

When you decide to buy a new car, it is likely that you will also need finance. Finding a new car loan in Orange County is not overly difficult, so long as you know where to look. And the best place to look for this is online. How to Find a New Car Loan Online Before you start looking for ... Read More »

education loan Defaulters Disqualified From applying For SBI Jobs: court

CHENNAI: Madurai bench of the Madras high court has issued a note to the country bank of India ordering that applicants defaulting on loan payments must be disqualified and barred from applying for jobs on thefinancial institution. In its recruitment force for Probationery officers, Junior associates and Junior Agricultural buddies, thefinancial institution has stated those who’ve defaulted on mortgage repayments, ... Read More »

RBI allows 90% loan to fee ratio on domestic loans as much as Rs30 lakh

RBI’s pass comes inside the wake of a central authority plan, referred to as Housing for All, to construct20 million homes for the city bad via 2022, which coincides with 75 years of independence. photograph: Bloomberg Mumbai: The Reserve bank of India (RBI) on Thursday multiplied the quantity banks can increase for aproperty purchase and also decreased the so-referred to ... Read More »

New Interest Rate Hike Means More Small Business Loan Approvals, Biz2Credit Reports

According to Biz2Credit’s November Small Business Lending Index, loan approval rates continue to rise. The index is a monthly analysis of a thousand loan applications on Biz2Credit’s platform for the month. Small business loan approval rates at institutional lenders continue their gradual ascent. They reached 62.4 percent in November, up from 62.2 percent in October. Big banks ($10 billion+ in ... Read More »