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Nearly 9% of education loans by PSBs turned bad in FY'18

Friday, January 4, 2019, 5:15 PM

Nearly 9% of the education loans extended by public sector banks (PSBs) were categorized as non-performing assets in the last financial year, according to the government. "As per information provided by Indian Banks' Association (IBA), NPAs of PSBs increased from 7.29% as on March 31, 2016 to 8.97% as on March 31, 2018," Minister of State for Finance Shiv Pratap Shukla said.

How to Apply for Education Loan through Vidya Lakshmi Portal

Thursday, September 20, 2018, 10:45 PM

Looking to apply for an education loan? This year onwards, you have to do this online through Vidya Lakshmi- a government run portal for students who seek education loans for studies in India and abroad. The website is maintained by NSDL e-Governance and operates under the guidance of the Finance Ministry, Indian Banks Association and the Department of Higher Education.

What do you know about Education Loan?

Wednesday, September 5, 2018, 9:37 AM

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school.

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