About 90% Indians Keen to Send Children Abroad for Higher Studies: HSBC Survey..!

88% Indians Keen to Send Children  Abroad for Higher Studies:  HSBC Survey..! In comparison, Australia finds itself at the bottom, where 52% parents are willing to send children abroad for post-graduate studies. For Canada and the United States, the figure reads 53% and 59%, r…

Share:

Read More

RBI RULES FOR FUNDING FOREIGN EDUCATION..!

For studies abroad, the estimate received from the institution abroad or / $ 1,00,000 per academic year, whichever is higher, may be availed.

Share:

Read More

Your Retirement or Your Children's Education..?

Your Retirement or  Your Children's Education? by Mr. P.V. Subramanyam , Subramoney.com Do not dip into your retirement corpus to fund your child's education For most Indian parents, their children's education is an important goal. But, they often compromise other …

Share:

Read More

Educational Loan Disbursals : Tamilnadu Leads ..!

Tamil Nadu is the biggest educational loan market with about 8.86 lakh accounts & disbursals of Rs.13,343.6 crore, Reserve Bank of India (RBI) data showed. There was a 7.77% increase in the number of loan accounts and 13.96% increase in disbursals in the Tamilnadu state…

Share:

Read More

Opportunity for SC, ST students to claim Education Loan interest subsidy before 31st December 2014

One more opportunity for SC, ST students to claim interest subsidy before  31st December 2014 Indian Banks Association (IBA) has now issued a circular advising all the banks to submit any left out interest subsidy claims relating to eligible SC / ST students who have availed …

Share:

Read More

Terminology - Loan - Education Loan

A loan offered to students which is used to pay off education-related expenses, like college tuition, room and board at the university, or / text books. Many of these loans are offered to students at a lower interest rate, like the Perkins loan or  / Stafford loan. In general…

Share:

Read More

Education Loans interest

If the parental income of the applicant is Rs. 4.50 lakh or / below - No interest need be paid for education loans sanctioned upto December 2009 during the course priod. However, outstanding  along with the interest is to be paid in full after the course period is over. If the …

Share:

Read More

Income Tax: INCENTIVES FOR EDUCATION

Education plays an important role in sustainable economic development of a nation. Under Income Tax Act certain incentives are available for promotion of education like children education allowance, repayment of loan for higher education, tuition fee of children etc. Table 2…

Share:

Read More

Providing for your children’s Foreign Education

by Mr. Lovaii Navlakhi, International Money Matters My daughter first went abroad for her undergraduate studies in 2006. The exchange rate then was about Rs.85 to the British pound, and for the first couple of years trended lower to Rs.77. I was happy as the inflation in fee…

Share:

Read More

Canara Bank: EDUCATION LOAN

Canara Bank: EDUCATION LOANS.. EDUCATION LOANS ROI # Priority Category: -Upto Rs 4 Lacs - Loans above Rs.4 lacs upto Rs.7.5 lacs   - Loans above Rs.7.5 lacs upto Rs.20 lacs BR+1.5% BR+2.0% BR+1.5% Non Priority Category BR+1.5% Vocational Education & Training BR+1.5%

Share:

Read More

Repayment of Education Loan: Consider These Conditions

At the outset it should be stated that repayment of  Education loan does not qualify for deduction now as there has been an amendment to section 80E with effect from financial year 01.04.2005.  Till 31.03.2005 repayment of loan was also eligible up to Rs.40,000 under sectio…

Share:

Read More

The Hindu Educational Fair Chennai – 2013: Chennai, 24 – 25 May 2013..!

Name of the expo: The Hindu Educational Fair Chennai – 2013 Date: 24th  – 25th May 2013 Venue : Chennai Trade Centre  (Hall – A & B)               Mr. Riaz  I ads & Events Mob: 093791 56080. HEAD OFFICE :Bangalore No. 60,Chaa-Che Towers (Gold Towers) No. 50, Residency R…

Share:

Read More

Union Bank of India: Cuts Education Loan Interest Rates ..!

Mumbai based public sector bank, Union Bank of India (UBI) has reduced by 1.5 % to 2%  on education loan interest rate. UBIs rate on interest on education loans now stands at 12.75 per cent for the loans up to Rs. 7.5 lakh & 12.5 per cent for the loans above Rs, 7.5 lakh…

Share:

Read More

Reserve Bank Asked Banks: Do not Reject Any Education Loan..!

The Reserve Bank of India (RBI) recently asked banks not to reject any educational loan application even if the residence of the borrower does not fall under their service area. RBI said in a notification "... banks are advised not to reject any educational loan applica…

Share:

Read More

Timely Educational Loan Repayment Builds Credit Score

By Mr. Harshala Chandorkar, Senior VP, CIBIL  It is vital to understand that education loan is a credit facility provided for the benefit of deserving students so that lack of finance does not hamper their educational aspirations. Like any other form of credit, education loan…

Share:

Read More

South India : Accounts for 50% of PSU Banks’ Education Loans

India's southern states of Tamil Nadu, Kerala, Andhra Pradesh & Karnataka account for nearly 50 per cent of education loans disbursed by public sector banks. Of the total outstanding education loan of Rs. 49,069 crore as of March, 2012 these 4 states among 35 states a…

Share:

Read More

Education Loan : Documents required

Documents required for applying a Education Loan in India.  All students are required to submit mark sheets of last qualifying examination, Admission letter of the Educational Institute, poof of admission, scholarship, schedule of expenses for the specified course - givin…

Share:

Read More

Education Fair 2012 : May 25 to 27, 2012

EXPO NAME    : EDUCATION FAIR 2012 VENUE   : CHENNAI TRADE CENTRE NUMBER OF STALLS  :  87 Stalls STALL SIZES & RATES (EXCLUSIVE OF TAXES) : 3*2 sq mtr  - Rs. 48,000 3*3 sq mtr  - Rs. 72,000 3*4 sqm tr  - Rs. 96,000 STALL LOCATION          :  Subject to Availability SER…

Share:

Read More

What is Education Loan

Student’s future education plans are supported with the availability of the educational loans that secures one’s life. There are years when students strived hard with the learning activities without any external support with financial issues. Educational loans were much in …

Share:

Read More

Subsidy on Educational Loans: EWS annual income Rs. 4.5 lakh

Central Scheme to provide Interest Subsidy for the period of moratorium on Educational Loans taken by students from economically weaker sections from scheduled banks under the Educational Loan Scheme of the Indian Banks’ Association to pursue technical/professional education …

Share:

Read More