Budget 2020

Education loan demand hits new high despite pandemic

Demand for education loans rose to a record level in 2020, a year when most schools and colleges in India and across the world were forced to conduct classes online due to the pandemic. Education loan companies – which include banks and non-bank lenders – have disbursed Rs 11,000 crore loans in the 12 months […]

News Headlines

DMK will waive education loans if voted to power: M K Stalin

ERODE (TN): The DMK would waive education loans taken by students for higher studies if the party comes to power after the Tamil Nadu Assembly elections, which are to be held in April-May. The DMK president and Leader of the Opposition in the Tamil Nadu Assembly M K Stalin made this statement on Sunday while […]

Budget 2020

Lockdown moratorium | Outstanding till February 29 qualify for interest relief

The lending institutions have been asked to complete the exercise of crediting the amount in the accounts of borrowers by November 5. The loan outstanding as of February 29 would be the reference amount for calculating the differential interest amount under the ‘scheme for grant of ex-gratia payment of difference between compound interest and simple […]