Pvt Players Positive On Growing Biz
Education loans advanced by banks have grown by a measly 2.7% in FY17--half as much as the average growth rate of all loans.But that's only half the story .Specialist lenders are growing rapidly and private players are looking at this segment.
Education loan specialists like HDFC Credila and Avanse have seen growth rates ranging from 40% to 70% in disbursements even as new age lenders like InCred Finance are eyeing the sector. Ajay Bohora, co-founder and
The interest-free loan scheme introduced by the ministry of human resources development (MHRD) for IIT students following a free hike, will cost the institutes at least 25% of the income earned from the increased fees.